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.
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.
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
New orders, production and export orders all grew last month. Factory hiring dropped for the sixth straight month but at a slower pace than it did in December.
Volkswagen has offered to buy the rest of Navistar International Corp. to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler and Volvo.
Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site.
BorgWarner Inc. stockholders are expected to own about 84% of the combined company, with Delphi Technologies shareholders owning approximately 16%
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.
