Metal parts manufacturer beefing up Noblesville operations
The has already hired 51 employees and plans to hire 29 more over the next two years as it relocates one of its manufacturing divisions from Ohio.
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Toyota investing $750M at 5 U.S. plants, creating 600 jobs
It marks yet another expansion of the Japanese automaker's U.S. presence, bringing to nearly $13 billion the amount it will spend by 2021.
Coal mining in distress? Not to this Fishers startup
American Resources Corp., formed in 2015, specializes in buying distressed coal assets from struggling or bankrupt coal operators.
Indiana-based Berry bests Apollo with $4.4B deal to form plastics giant
Berry Global Group CEO Tom Salmon, already coming off a string of acquisitions, is making the company’s biggest purchase amid a rapidly consolidating market for plastic packaging.
Allison Transmission to build major testing facility in Speedway
Allison Transmission Holdings Inc. announced Thursday that it plans to build a multimillion-dollar vehicle-testing facility in Speedway that will be the only one of its kind in the Midwest.
Tesla to close stores to reduce costs for $35,000 Model 3
Tesla plans to sell its electric cars only online as it accelerates its cost-cutting efforts. The company will close many of its 378 stores, but leave some open as galleries or "information centers" in high-traffic areas.
Indy earplug maker is focus of veterans’ product-liability lawsuits
More than 200 current and former members of the military from multiple states have filed federal and state suits against the parent of Indianapolis-based Aearo Technologies LLC in recent weeks.
Allison Transmission’s sales, profit surge to annual record
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force’s B-52 bomber re-engining program, which would extend the fleet’s life until 2050.
Hundreds of companies excused from steel tariff, analysis shows
Two Indianapolis-area subsidiaries of Japanese companies are among hundreds of firms granted permission to import millions of tons of steel without paying the hefty tariff President Trump put in place to protect U.S. manufacturers and jobs.
Indiana factory that employs more than 300 set to close
Schneider Electric said production at its factory in Peru is being shifted to other states and Mexico.
Cummins CFO to retire after 32 years with company
Retiring CFO Pat Ward will be succeeded by an internal candidate, longtime Cummins employee Mark Smith.
Local mattress maker Foamcraft enters national bed-in-a-box market
Foamcraft Inc., an Indianapolis-based foam-products manufacturer than began selling mattresses less than two years ago, plans to compete directly with online mattress behemoths such as Casper, Leesa and Purple.
U.S. new-vehicle sales unexpectedly show 2018 increase
Sales of new vehicles in the United States rose slightly in 2018, defying predictions and highlighting a strong economy.
Indiana has good corporate citizens, but improvements still can be made, panelists say
Business and political leaders at the annual Engage Indiana event stressed the importance of public and private collaborations in helping improve communities and retain workers.
Indianapolis-based Contour Hardening has new leader, huge growth plans
The small manufacturer in the niche metal heat-treating industry has a new CEO, a new outlook and plans to more than triple annual revenue in five years.
Car parts maker planning to triple workforce in Richmond
The subsidiary of Israel-based Omen Casting Group wants to boost production to help meet demand in America and Germany for its aluminum drivelines, steering components and oil pumps.
Cummins CEO: U.S. should take incremental steps to resolve trade tensions
Cummins CEO Tom Linebarger says a practical, targeted approach will work better than “carpet-bombing” China with escalating tariffs.
Restless retiree rebuilds storied speaker brand
In the little less than two years since Dave Kelley bought KLH, the company has developed more than a dozen new audio products.
United Technologies to break into three independent companies
The three companies will be United Technologies, which will house its aerospace and defense industry supplier businesses; Otis, the maker of elevators, escalators and moving walkways; and the Carrier air conditioning and building systems business.