Cummins to build $70 million plant in Turkey
The company expects to employ more than 800 workers at the plant within five years, producing filters and generators for motor vehicles.
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Solar panel maker plans up to 240 jobs in Columbus
A Muncie-based startup company to spend nearly $9 million to start production at a Columbus industrial park. The plant will make high-efficiency solar panels that are in growing demand around the world.
Carmel-based wind-gear maker plans Marion plant
Vela Gear Systems LLC, a Carmel-based startup manufacturer of large-scale gears for wind-turbine assemblies, said it will make a multimillion dollar investment to construct a 250,0000-square-foot plant in Marion, creating up to 163 jobs by 2013.
Factory orders sink for first time since June
Factory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June and the biggest decline since a 1.8-percent fall in May.
Think car sales benefit battery-maker EnerDel
Indianapolis-based EnerDel is the main battery supplier for Think’s two-seat City.
Local GM stamping plant layoffs to begin next month
It’s official: General Motors will begin shutting down its Indianapolis metal-stamping plant Jan. 28, with an initial wave of layoffs that will cost 75 workers their jobs.
Electronics maker buying former GM factory in Anderson
Northwind Electronics LLC will invest $954,000 to buy, renovate and equip a former General Motors factory in Anderson—creating as many as 100 jobs in the next two years, state economic development officials said Tuesday afternoon.
Organic food company with big plans cutting jobs
Really Cool Foods, which started operations in eastern Indiana two years ago with plans for hiring 1,000 workers, now has about 200 after a round of layoffs this week.
$26.8M military deal revs local Rolls-Royce operation
Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.
SKARBECK: GM’s return to market not your usual IPO
This unusual taxpayer-owned IPO did create some interesting conflicts.
Celebrity TV ads tout Allison Transmission
A Chevrolet campaign could make the Speedway-based manufacturer more of a household name.
October durable goods orders drop 3.3 percent
The setback was the sharpest decline since demand fell 8 percent in January 2009. The unexpectedly sharp decrease raises questions about the strength of manufacturing.
Rolls-Royce lands $20M maintenance contract
Rolls-Royce Corp.’s local operation won a $20.3 million contract extension to provide maintenance services for the helicopter engines it makes for the U.S. military, the Department of Defense said Monday.
Auto industry bailout pulls Kokomo back from brink
Kokomo's fortunes have been entwined with the auto industry since 1894, when Elwood Haynes invented one of the first automobiles in the United States there. Since the 1930s, when then-Delco (later Delphi) located there, followed by General Motors and Chrysler, the auto industry has been the town's bread and butter.
Feds’ $50M loan to automaker could create 900 jobs
The Department of Energy will announce on Monday it is giving a $50M loan to Vehicle Production Group, which makes wheelchair accessible vehicles in Mishawaka. Officials say they expect the loan to create more than 900 jobs in an economically ravaged part of Indiana.
Indiana Limestone sold to Ohio company
A Cleveland-based private equity firm called Resilience Capital Partners has purchased Indiana Limestone Co. from Johnson Ventures. Terms were not disclosed.
Truck manufacturing might ramp up 56 percent in 2011
An expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at partsmakers like Columbus-based Cummins Inc.
Printpack closing 230-worker Greensburg plant
More than 200 workers will lose their jobs when packaging materials maker Printpack Inc. will close its Greensburg plant early next year, the company said in a notice filed this week with the state Department of Workforce Development.
Sale of Tipton plant to solar company delayed
Abound Solar's deal to take over the unfinished Getrag factory in central Indiana has been delayed, although the company doesn't expect changes in its plans.
Automotive supplier plans 200 new jobs at Butler plant
Multimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create over 200 jobs by 2013—more than tripling employment there.