Pandemic slows reopening of Fiat Chrysler factory in Kokomo
Company officials had announced in March a $400 million plan to convert a transmission factory so that it could begin engine production within the first three months of 2021.
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U.S. industrial production rises 0.4% with boost from auto sector
Production of motor vehicles and parts rose 5.3% in November, the biggest monthly increase since a 31% surge in July.
Lilly acquiring gene therapy startup for up to $1 billion
Eli Lilly and Co. on Tuesday announced that it is buying New York-based Prevail Therapeutics Inc., an emerging player in the sizzling-hot area of gene therapies, which targets Parkinson’s disease and other brain-related maladies.
Longtime Carmel-based Allegion executive shifting to new role
Allegion executive Tim Eckersley, who has led the company’s Americas division since 2013, will shift to lead the company’s operations in other parts of the world.
Two Indiana factories set to close, ending more than 130 jobs
A defense and aerospace supplier is set to end operations at the end of January and an auto parts supplier plans to complete its closure by June 30.
Automakers prepare for tougher mileage standards under Biden
Less-strict Trump fuel-economy regulations were supported by most auto makers, many of which were having trouble meeting escalating efficiency standards set when Barack Obama was president. Now, they recognize that change is coming.
Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
Orders for manufactured goods show unexpected October gain
The strength in October came primarily from the volatile category of defense orders, with demand for military aircraft surging by 79.1%.
Consumers maintain insatiable demand for disinfecting products
Clorox Co. has added 10 additional third-party manufacturers and is running its own facilities 24 hours a day to make disinfecting wipes as fast as possible. But it’s not fast enough.
Company winding down ventilator production in Kokomo
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
COVID-19 explodes in Elkhart County while pandemic becomes political
Local officials say state and federal authorities in recent weeks have showed little interest in helping them push for the tougher measures needed to control the pandemic.
Cummins stock surges to record on better-than-expected third-quarter results
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
Indianapolis-based IMH Products acquires Brownsburg manufacturer
IMH said it plans to move Mainstay’s equipment and its 38 employees to its Indianapolis facilities by year’s end. Both companies are in the metal fabrication business.
MWI Animal Health moving from Whitestown to Zionsville, adding 51 employees
The Idaho-based veterinary and agricultural animal health products supplier plans to spend $5.8 million to expand its local operations.
Indianapolis personal care products manufacturer Mansfield-King acquired
Founded in 2005 by Charles Haywood, Mansfield-King develops and manufactures products that are sold under its customers’ brand names. The east-side company has 154 employees.
GM, Ford complete U.S. contracts to build breathing machines
The Department of Health and Human Services contracted with GM to build the ventilators at a converted auto electronics plant in Kokomo at a cost of $489.4 million.
Allison Transmission calls new $34.5M test center a ‘game-changer’
The new center, on the manufacturer’s Speedway campus, can simulate extreme heat and cold as well as a variety of altitudes and road conditions.
Allison Transmission turns quarterly profit despite 49% decline in revenue
Allison Transmission Holdings Inc. on Tuesday reported second-quarter earnings that surpassed Wall Street expectations but revenue that fell short.
Work-from-home trend makes lumber a winner, paper a loser
While the demand for printing papers had been in slow decline before the pandemic, the magnitude of the drop during COVID-19 has been a surprise.
Amazon closer to launching satellites, upping internet reach
Amazon received government approval to put more than 3,200 satellites into orbit with the goal of beaming internet service to earth. The company said it will spend $10 billion on the initiative.