The South Bend Regional Chamber says if the New Carlisle site is chosen for the project, the plant could generate an estimated $652 million in annual economic impact once fully operational.
U.S. Sen. Raphael Warnock from Georgia is raising concerns that the tax credit President Joe Biden signed into law last month could place some automakers at a competitive disadvantage.
Jacqueline Ardrey Ardrey will succeed president and CEO Robert Wallstrom, who earlier this year announced his plans to retire after leading the company since 2013.
The company said it will add two press lines at its Marion Metal Center and invest in upgraded equipment to equip new and future electric vehicle models, including the Chevrolet Silverado EV, GMC Hummer EV, Hummer EV SUV, and Cadillac Lyriq.
Officials discussed their push to see Indiana ramp up its role at designing and manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.
The expansion will be used to produce two mainstays — Jim Beam white and black label bourbons — and will mostly support expected sales growth overseas.
The new facility will be Diamond Pet Foods’ first in Indiana and represents one of the largest private investments in Rushville’s history, according to the Rush County Economic Development Corp.
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
Stellantis said that operations at the plant in Kokomo would resume late Monday after UAW Local 1166 workers voted to ratify the agreement.
The 1,200-worker plant, Kokomo Casting, is the world’s largest die cast facility, according to Stellantis. It makes aluminum parts for components including transmissions and engine blocks.
Nearby states hope to benefit from the cluster of suppliers that industry experts say is bound to develop around the Ohio site. Indiana officials also have made semiconductor manufacturing a critical element in economic development strategies.
On average, recipients of the state’s Manufacturing Readiness Grants added five new jobs as a result of the technology investments.
Indianapolis-based Aearo Technologies LLC’s recent bankruptcy filing won’t shield its corporate parent 3M Co. from the massive flood of product-liability lawsuits over Aeros’ military earplugs, a judge has ruled.
Holladay Properties says a “global company” is interested in occupying the whole 180-acre park proposed in rural Westfield and wants to move quickly.
A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.
Tuesday’s industrial production report showed output of motor vehicles rose 6.6%, the most in four months. An easing of bottlenecks on semiconductor supplies is affording automakers more room to increase output.
Compared to coastal competitors, Ikelite Underwater Systems enjoys the affordability and the manufacturing concentration in Indiana.
A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.
Metal hardware has been in short supply the last couple of years, and one item in particular has bedeviled Amish craftsmen: drawer slides.
The Columbus-based manufacturer says its strong second-quarter was due mostly to its North American market, where revenues grew 15%.
