The Greenwood City Council has given preliminary approval to a tax abatement on an $8.5 million speculative office building and is considering a separate incentive agreement for a manufacturer’s expansion.
ReElement Technologies LLC plans to invest a minimum of $100 million to convert the 425,000-square-foot facility into a rare earth and battery material refinery that could eventually employ more than 300 people.
Ford Meter Box announced plans to invest up to $300 million to build a 300,000-square-foot facility adjacent to its headquarters and create up to 126 jobs by the end of 2027.
Rumsey will take over as Cummins board chair on Aug. 1, after former CEO Tom Linebarger steps down from the position.
Demand for new SUVs, trucks and cars in the United States picked up steam in the second quarter, but the stronger sales kept prices high for consumers.
Shares jumped 7% Monday morning to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year.
Plans call for the the warehouse, called Park 267, to be built on a 76-acre site. About 130 employees would work at the facility.
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all electric vehicles.
The Indiana Economic Development Corp. disclosed that it is also courting a $3.2 billion data center project that could result in 250 high-wage jobs in Boone County.
The company reported having 60 employees in the United States in early 2022, though it’s not known if that number included about 25 employees at an engineering center in California.
The latest federal report suggests manufacturers are growing cautious in the face of tepid global demand and equipment spending.
The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle to build the plant, which could become operational by 2026.
While no new jobs are being created, the company said the move will help retain the nearly 4,000 employees at the northeast Indiana facility.
The Indianapolis-based radiopharmaceutical company said it plans to help open a facility in Belgium to make therapeutic agents for cancer patients.
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
Ford CEO Jim Farley says Ford will be competing differently, going for tailored ownership experiences rather than “jockeying for slivers of market share.”
The proposed “AM for Every Vehicle Act” arrives as more and more automakers say goodbye to AM radio in newer car models.
The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.
