In total, the previously announced plant transformation represents an investment of $1.3 billion and will create 550 jobs, the company said Friday. Toyota overhauled the plant so it could begin producing the 2020 Highlander.
Prosecutors say the 54-year-old man diverted more than $4.5 million of money from Cummins and other companies over a nine-year period.
Takata is recalling 10 million more front air bag inflators sold to 14 different automakers because they can explode with too much force and hurl shrapnel.
A company that made kitchen products in Indiana for 117 years has failed to find a buyer and won’t resume local production.
Alimta is Lilly’s third-best-selling drug, with global sales of $2.1 billion last year. The court ruling stops a Canadian competitor from launching a generic version of the drug before its patent expires in 2022.
Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in six months in November, led by a large decrease in orders for defense aircraft and parts. But a closely watched category that tracks business investment ticked up 0.1%.
The deal creates the world’s fourth-largest automaker, a goliath with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.
Ford needs to make the investment in new products in an effort to increase market share and prepare for a shift to new propulsion and autonomous vehicle technologies.
The message to Boeing Co. from the Federal Aviation Administration was clear: The grounded 737 Max won’t get approval to fly again anytime soon. So the company had little choice but to idle the giant factory where the plane is made.
Business is booming at Greenfield manufacturer ATMI Indy LLC, which is acquiring the property to accommodate the company’s growth.
The manufacturer has created an innovation studio bent on getting products from concept to market in 120 days or less.
Nice-Pak Products, a manufacturer of wet wipes for consumers, health care, food service and other commercial markets, announced plans Wednesday to build a 760,000-square-foot production and warehousing facility in Mooresville, creating 90 jobs.
The company is asking the Anderson City Council for a tax break as part of a plan to install new equipment at the factory along Interstate 69.
Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.
The four-year agreement gives workers a mix of pay raises and lump-sum payments as well as a $9,000 ratification bonus.
The justices rejected an appeal from Remington Arms that argued it should be shielded by a 2005 federal law preventing most lawsuits against firearms manufacturers when their products are used in crimes.
Next week, Ford will show off an electric SUV that is inspired by the Mustang performance car. It’s the company’s first consumer-friendly fully electric vehicle, and it’s expected to have a range of over 300 miles per charge.
CEO Carlos Tavares, who used to run Nissan in the Americas and knows the U.S. market well, will not shy away from trimming unprofitable models and brands.
The deal is expected to give the merged firm enough scale to confront big shifts in the auto industry, including the race to develop electric cars and driverless technologies. And with 2,640 dealers across the U.S., Fiat Chrysler would have a ready distribution network for Peugeot’s lines of city-friendly cars, family sedans and SUVs.
Allison Transmission Holdings Inc. on Wednesday announced third-quarter earnings and revenue that surpassed Wall Street expectations.
