Cummins’ stock jumps after quarterly results exceed expectations
The Indiana-based engine manufacturer warned that the second quarter will be much more difficult, with production and demand largely sidelined by the pandemic.
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Allegion sees quarterly profit tumble due to COVID-19-related costs
The security-products maker, whose North American headquarters are in Carmel, exceeded analyst expectations despite a $96.3 million impairment charge because of COVID-19-related uncertainty.
Fuel pump problem forces Subaru to recall more than 200K vehicles
The recall covers certain 2019 Impreza, Outback, Legacy, and Ascent vehicles built from June 26, 2018, through Feb. 25, 2019.
State working with 15 companies to acquire more personal protective equipment
Luke Bosso, chief of staff for the Indiana Economic Development Corp., said during Monday’s media briefing that the state has purchased 1.9 million pieces of PPE so far.
Fear of impending car-price collapse grips auto industry
The auto industry—already fretting lengthy factory shutdowns and depressed new-vehicle demand—is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences.
Allegion announces $30M in cost-cutting actions at non-U.S. locations
Ireland-based Allegion said it will take actions to streamline its business and cut costs. The company’s North American headquarters is in Carmel.
Here’s how nine small businesses are coping with coronavirus
We check in with firms of all stripes to learn how they’re seeking to persevere—and how some are plotting to gain a competitive advantage when normalcy returns.
Firm trying to keep employees safe while churning out medical refrigerators
The company, which has about 350 employees, makes medical-grade refrigerators, freezers and defrosters for vaccines, medicines, blood products and other perishable medical supplies.
GM says it’s moving as fast as possible to make ventilators in Indiana
Experts on managing factory production say GM is making an extraordinary effort for a company that normally isn’t in the business of producing ventilators.
Greenfield auto parts plant lays off 336 employees in temporary closure
BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.
UPDATE: Ford, Fiat Chrysler, Honda, Toyota seek to restart factories
The plants would reopen in early or mid-April, restoring the largest source of cash for automakers that generally book revenue when they ship vehicles to dealerships.
UPDATE: Major automakers agree to close all factories
The United Auto Workers union has been pushing for factories to close because workers are fearful of coming into contact with the coronavirus.
Honda shutting down plants for a week due to coronavirus
The closures involve six plants in the United States, Canada, and Mexico, including the company’s Indiana plant in Greensburg.
Companies are seeking to reduce their environmental impacts and increase sustainability
Increasingly, as the planet warms, pressure is building from environmentalists, investors, consumers and the general public for corporate America to do something about it.
Tom Easterday: Subaru’s zero-landfill effort is example of what’s possible
In addition to helping eliminate risks to your operations, being a good environmental steward has many other benefits to businesses large and small. Having a successful environmental stewardship program can boost employee morale, enhance a company’s brand image, promote creativity and innovation among employees, increase community awareness of environmental stewardship and generate cost savings.
GM planning 13 electric vehicles as it tries to run with Tesla
General Motors touted an exclusive new battery technology that could propel some of the vehicles as far as 400 miles on a single charge as it tries to capture electric vehicle enthusiasm.
Former SerVaas Laboratories employee sentenced in $772K fraud case
The long-term employee was sentenced to 27 months in prison after she admitted to stealing from the Indianapolis-based company, which makes the famous Bar Keepers Friend line of cleaning products.
ScreenBroidery merchandising firm making name for itself with big move to Noblesville
ScreenBroidery recently moved from 2,500 square feet of leased space in Castleton to a 15,000-square-foot headquarters and warehouse that it bought and renovated for nearly $1.7 million in Noblesville. And it plans to double its workforce by 2022.
Corteva Agriscience to stop making pesticide linked to brain damage
The main manufacturer of a pesticide used for decades on a wide array of crops, including strawberries, corn and citrus, said Thursday it will stop making the product, which some activists have said is linked to neurological problems in children.
Cummins sees 4Q sales drop, expects bigger revenue decrease this year
The Columbus-based engine-maker said it expects sales to drop another 8% to 12% in 2020, it expects its full-year 2020 revenue to decline between 8% and 12%, mostly because of lower truck production in North America, Europe, China and India