GM to invest $49M in Indiana plant, affecting 91 jobs
General Motors Co. is investing $49 million in its Bedford plant, a move that will help to create or keep 91 jobs.
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Former tech darling Vontoo acquired by Ohio firm
Vontoo Inc., a once-promising Indianapolis-based technology firm that landed millions in venture capital but failed to meet growth expectations, has been acquired by One Call Now.
Chrysler faces fines over Kokomo plant death
State regulators have issued $200,000 in fines against Chrysler for safety violations found during the investigation of a worker's death at a central Indiana factory.
Bag maker Vera Bradley plans expansion, new jobs
Handbag and luggage maker Vera Bradley Inc. is planning an expansion in Fort Wayne that is expected to mean about 100 more jobs.
RV industry supplier plans Indiana expansion
A recreational vehicle component manufacturer is considering a move into a vacant factory in northern Indiana where it could hire 180 workers in the next few years.
Startup aims to make online car shopping easier
The horrible experience John Kohlmeyer’s mother had trying to shop for a car online inspired him to create DriveVelocity, a company that not only overhauls dealer websites but also packages all their Web-based customer-relationship tools.
Comcast chasing bigger biz clients
The cable giant now is pitching in Indianapolis suburbs its metro Ethernet product to businesses with 20 to 500 employees.
Bidders at Mecum auction revved up spending
Marengo, Ill.-based Mecum Auctions Inc. recorded vehicle sales in Indianapolis of more than $47 million, versus $41.7 million in 2010.
Sleepy Klipsch buyer out to make some noise
Audiovox Corp., the Hauppauge, N.Y.-based company that recently bought the high-end audio firm Klipsch Group, hopes to use the $167 million deal to win over Wall Street.
Government to lose $14B of auto bailout funds
The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry, a third of the loss officials had initially estimated.
Electric vehicles gain traction in region
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
Alexandria working on factory deal with defense contractor
Alexandria Mayor Jack Woods said plans are for Maryland-based Floatograph Technologies to buy the former U.S. Pipe facility from the city and then repair and remodel the factory. The plant could eventually have 100 workers.
Kokomo, Marion team up to draw auto jobs
Two central Indiana cities with deep roots in the auto industry are launching a new cooperative agreement aimed at attracting more automotive manufacturers and suppliers to the area.
Defense spending bill leaves out Rolls-Royce jet
The U.S. House committee rejected efforts by some in Congress to spend more money on construction of an extra engine for the F-35 Joint Strike Fighter for the Air Force, Navy and Marine Corps.
Klipsch steps down as speaker maker CEO
Longtime Klipsch Group executive Paul Jacobs will take the helm, giving the Indianapolis company its first leader not named Klipsch.
Honda set to bump up production, except in Indiana
Honda's North American factories will return to near-normal production at most plants in August, the company said Thursday. However, full production of the Honda Civic, which is built at plants in Indiana and Ontario, might not resume until the end of the year.
Indianapolis among six cities to watch for emerging technology
New York, Boston, Chicago, Austin and Boulder, Colo., also cited.
‘Virtualization’ spawning demand for tech workers
The city’s information technology sector may be a step closer to easing a worker shortfall created by the rise of cloud computing. Harrison College responds with more courses geared toward IT workforce.
Rise of machines bodes well for tech firm Mesh Systems
The founder of Mesh Systems, a company that develops wireless “machine-to-machine” communications software and hardware, says his products have countless applications. Earlier this month, Mesh closed on a $2.5 million private placement from investors in Indiana and Wisconsin.
Report: Southwestern Indiana a broadband backwater
Federal data shows no more than 20 percent of residents in Gibson County have basic broadband Internet service.