End of a love affair: Automakers eliminating AM radio from many new cars
Some radio station owners and advertisers contend that losing access to the car dashboard will indeed be a death blow to many of the nation’s 4,185 AM stations.
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Fewer electric vehicles qualify for federal tax credits under new rules
The new list includes a total of 16 domestically manufactured models, with just 10 of the models qualifying for the full $7,500 tax credit.
Indy company makes automated welding tools easier to use
Indianapolis-based THG Automation is one of several companies that have begun filling a need for more user-friendly devices that can easily adapt for a variety of jobs.
Biden set to propose toughest-ever rules on car pollution to spur EVs
Automakers are cautioning that the trajectory for EVs and emission reductions depends on factors outside their control, including investments in charging infrastructure and critical mineral production.
Made in Indiana: Faucets by Delta Faucet Co.
In 2018, the company debuted voice activated faucets that pair Amazon-, Alexa- and Google Assistant-enabled devices with Delta technology to create smart kitchen faucets.
IBJ Podcast: How Homefield sprints to make apparel for Cinderellas of March Madness
In this week’s edition of the IBJ Podcast, Connor and Christa Hitchcock explain how they parlayed their success with small schools into agreements with the bigger names.
College-focused Homefield Apparel finds opportunity in March Madness
The Indianapolis company specializes in selling vintage-themed T-shirts to fans of 150 universities, and surprising storylines have become a sure thing in the 68-team NCAA tournament.
iPhone maker plans $700M India plant in shift from China
The investment is one of Foxconn’s biggest single outlays to date in India and underscores how China’s at risk of losing its status as the world’s largest producer of consumer electronics.
T-shirt maker United State of Indiana to open north-side store
United State of Indiana owners Graham Brown and Grant Gilman will set up shop in Monon Station retail center and plan to sell a variety of goods celebrating the state.
Stellantis making $155M investment for EV-battery production in Kokomo
Stellantis, which is also co-creating a $2.5 billion EV battery manufacturing facility in Kokomo, says the new investment will help retain 265 jobs across three facilities in the city.
Stellantis announces profit-sharing bonuses, increased earnings
Stellantis employs about 7,000 people at plants in Kokomo and Tipton in Indiana.
Made in Indiana: 12 Flavor Gummi Bears by Albanese Confectionery
12 Flavor Gummi Bears is the best-selling product for Merrillville-based Albanese Confectionery and is sold in a variety of sizes, from 1 ounce snack packs to 5 pound bulk bags.
Justice Department investigating Abbott baby formula plant
The factory’s closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.
Dunham Rubber & Belting acquired by Georgia-based firm
Dunham, a 57-year-old Greenwood-based distributor, fabricator and manufacturer with locations in Shelbyville and Fort Wayne, was purchased by Belt Power LLC.
Catalent laying off 400 employees in Bloomington
Since 2020, Catalent had been rapidly expanding operations as it produced vaccines for both Johnson & Johnson and Moderna Inc.
U.S. business equipment orders rebounded sharply in October
The data suggest companies are largely adhering to capital spending plans as they seek to improve productivity and help counter lingering cost pressures.
Semiconductor firms plan to spend $300M, hire nearly 550 at tech campus
The Indiana Economic Development Corp. says the WestGate One campus in Odon will accelerate the re-shoring of semiconductor research and manufacturing in the U.S.
Hickory Furniture Collective buys 130-year-old Shelbyville manufacturer
Old Hickory Furniture Co., which was founded in 1892, joins the collective’s other three brands: Hickory Furniture Designs, Flat Rock Furniture and Rocky Top Furniture.
RV industry sees reduced shipments as ‘normalization’ after blockbuster year
As the recreational vehicle industry approaches the end of 2022, the nation’s economic malaise and spiking interest rates have caused buyers to tap the brakes on purchasing RVs and drift from 2021’s record-setting numbers.
Morrell Group opens facility in new Noblesville biz park
Morrell Group, which says it outgrew its location in Indianapolis, is occupying about 32,000 square feet and will employ 33 people.