Central Indiana steel distribution center with 50 employees closing
The company cited a decline in demand for its flat-rolled carbon steel products for the closure that could happen as soon as this month.
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Allison Transmission acquires two companies for $103M
Allison, which makes automatic transmissions, acquired one of its long-time suppliers, plus a company that makes tools for that supplier.
Lilly’s hot-selling Taltz approaching blockbuster status
Last year, Taltz rang up sales of $937.5 million, and doctors are increasingly prescribing it. For the first six months of this year, Taltz recorded $606.3 million in sales, putting it on pace to break the $1 billion threshold, perhaps in the third quarter.
United Auto Workers union picks General Motors as bargaining target
The move announced Tuesday means that GM will be the focus of bargaining, and any deal with the company will set the pattern for Ford and Fiat Chrysler. It also means that if the union decides to go on strike, it will be against GM.
Indy manufacturer with 137 local workers closing after 86 years in business
Mitchel & Scott Machine Co. told the state this week that it will be closing operations and terminating all employees on Oct. 25.
Survey finds new auto technology can annoy drivers
The 2019 J.D. Power Tech Experience Index study found that frustrated drivers may avoid the systems in future vehicle purchases. That’s a problem for automakers who want to prepare people for fully automated vehicles.
Steel dust recycling project on brownfield site dropped amid opposition
The canceled development was a joint venture between Indianapolis-based Heritage Environmental and Monterrey, Mexico-based Zinc Nacional, which had said the project planned for the site of a former BorgWarner automotive factory would have created up to 90 jobs over several years.
Cummins president to retire after 40-year career with company
The retirement of President and Chief Operating Officer Rich Freeland will spark several executive-level promotions at the Indiana-based manufacturer.
Audio-products maker Klipsch rocking as parent struggles
The manufacturer has reinvigorated its product line, brokered new partnerships, and greatly expanded its sales footprint, but the tune from parent New York-based Voxx International Corp. is far less melodic.
New vehicle models rolling out at Subaru’s Indiana factory
The Lafayette factory now has about 5,700 workers and, in April, produced its 4 millionth vehicle since opening in 1989.
Steel Dynamics planning to build $1.9B plant, hire 600
Fort Wayne-based Steel Dynamics Inc. said the electric arc-furnace unit will be in Sinton, Texas, about 25 miles northwest of Corpus Christi.
Zionsville manufacturer plans to hire 39 as part of $7.5M expansion
GCI Slingers said it will add 10,000 square feet to its existing 20,000-square-foot facility at 5005 W. 106th St.
Tire maker plans 350,000-square-foot distribution center in Whitestown
Maxxis International has several original-equipment supply contracts with Midwest auto assemblers, including Subaru of Indiana.
Trump signs order to make American-made goods more American
The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made goods.
VW, Ford team up to make autonomous, electric vehicles
Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape.
Electric vehicle company puts Indiana factory plans on hold
An electric vehicle startup has halted plans to start production at a northern Indiana factory and hire more than 450 workers.
Hillenbrand to acquire Cincinnati-based manufacturer in $2B deal
Indiana-based industrial equipment and casket maker Hillenbrand Inc. has agreed to acquire plastics-processing equipment maker Milacron Holdings Corp., the companies announced Friday morning.
New owner to push Indiana Limestone into global markets
The newly merged company has big plans for broad rollout of the natural stone, which is considered superior to other types of limestone quarried throughout the world.
Cummins to acquire Canadian hydrogen fuel-cell maker for $290M
The move comes as Cummins, long known as a diesel engine powerhouse, expands its efforts in alternative powertrain technologies.
Will debut made-in-USA expo bring big crowd?
A convention thought to be the first of its kind will take over nearly half the Indiana Convention Center for four days this fall, with a focus on promoting products manufactured in the United States.