The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.
The slowdown has been attributed to a surge in cases from the delta variant over the summer and supply chain problems, which disrupted manufacturing output in many sectors, especially auto production and helped send consumer prices rising at the fastest pace in 13 years.
Indianapolis-based Allison, which recently formed a partnership with Beijing-based Jing-Jin Electric, announced Wednesday that it will participate in Jing-Jin’s upcoming initial public offering.
The company also teased upcoming new electric vehicles including a Chevrolet small SUV that will cost around $30,000, as well as electric trucks from Chevrolet and GMC, SUVs from Buick, and luxury vehicles from Cadillac.
The company, recently formed to consolidate several prominent athletic gear brands, plans to invest nearly $19 million in the new facility. The state has pledged $5 million in economic development incentives.
Shortages and price spikes are now cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go into a vast universe of products ranging from cereal bags to medical devices, automotive interiors to bicycle helmets.
Production has started on a new car model at Honda’s factory in southeastern Indiana. Honda executives, workers and several state officials marked the start of mass production for the 2022 Civic Hatchback at the Greensburg plant during a ceremony this past week. The new Civic Hatchback becomes the third type of vehicle produced at the […]
The factory is expected to ultimately employ about 340 people and produce about 3.6 billion cans per year.
The contract to supply new engines for the B-52 bomber fleet could be worth up to $2.6 billion. It’s one of the largest contracts that Rolls’ Indianapolis operation has ever pursued.
The drugmaker’s COVID-19 treatment is back on the market after a two-month suspension, but the question is whether Lilly can grab market share from now-dominant Regeneron Pharmaceuticals.
The engine maker confirmed Wednesday it is pushing its return-to-office timeline to early next year as COVID-19 infections and hospitalizations surge in Indiana and the nation.
A forecast released by the RV Industry Association projects a record shipment of about 580,000 vehicles this year, an increase of 34% from 2020 and 14% more than the previous highest mark in 2017.
One of the largest and oldest manufacturers in Indianapolis has been sold to a Maine-based company with multiple divisions in the United States and Canada, the companies announced Tuesday.
The recall and others raise questions about lithium ion batteries, which now are used in nearly all electric vehicles. Ford, BMW and Hyundai all have recalled batteries recently.
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
The Indianapolis-based manufacturer posted a $78.4 million loss in the second quarter.
Shares of the Greenfield-based maker of animal feeds and vaccines dove after the firm warned that it’s facing inflationary pressures, increased logistics costs and other headwinds.
In a memo to employees, CEO Donnie King expressed alarm over the rise of the more contagious delta variant and made clear the vaccine requirement was needed to overcome persistent hesitancy to get the shots.
The multimillion-dollar project, in partnership with Purdue University and the Purdue Research Foundation, will expand aircraft engine testing facilities in both West Lafayette and Indianapolis.
