Raytheon’s Indianapolis site is now operating under the Vertex name following a recent acquisition by Madison, Mississippi-based Vertex Aerospace, but that name is expected to change again in the months to come thanks to another acquisition.
Ford plans a major restructuring with two distinct but strategically interdependent auto businesses–Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles.
Calumet Specialty Products Partners LP on Thursday announced a leadership team shakeup that will give the Indianapolis-based company a new CEO, chairman of the board and chief financial officer.
Also a DePauw alum, Indiana native Brittany Hizer has co-founded a startup that makes a product that will make perfect sense to any new parent.
The agreement comes more than two years after a discharge of ammonia and toxic chemicals killed thousands of fish and closed Lake Michigan beaches, the federal government said Monday.
Cummins announced Wednesday that it’s signed an agreement to purchase Connecticut-based Jacobs Vehicle Systems from its current owner for $325 million. The deal is expected to close later this year.
Hyundai and Kia are telling the owners of nearly 485,000 vehicles in the United States to park them outdoors because they can catch fire even if the engines have been turned off.
U.S. Trade Representative Katherine Tai said the agreement with Japan, along with a separate deal last year on steel with the European Union, will put them in a better place to compete against China, the world’s second largest economy.
The recall covers certain Ram 2500 and 3500 pickups and some 3500, 4500 and 5500 chassis cabs, all from the 2019 and 2020 model years.
The North Carolina-based firm expects to add 80 jobs at the plant along with its new production line.
The latest numbers suggest the recent wave of infections due to the omicron variant may have hampered plant operations.
U.S. companies that use semiconductors are down to less than five days of inventory—a sharp drop from 40 days in 2019. The chips used in the production of automobiles and medical devices are especially scarce.
The state’s economic development board on Tuesday approved $824 million in incentives and assistance for Detroit-based General Motors.
Pulmodyne, with offices and factory at 2055 Executive Drive, near the Indianapolis International Airport, has been expanding in recent years to meet a skyrocketing number of orders from the COVID-19 pandemic.
The Terre Haute plant was the first manufacturer of compact discs in the U.S., beginning production in September 1984 with Bruce Springsteen’s “Born in the U.S.A” album.
Although online streaming accounts for most music-industry revenue, vinyl pressing plants can’t keep up with the renewed desire for records—the format considered obsolete after the rise of compact discs in the late 1980s.
Fishers-based American Resources Corp. said the effort will put the partners on the path to becoming the first and lowest-cost producer of domestically-sourced, purified and sustainable battery and magnet metals.
Manufacturing output fell by 0.3%, with output at auto plants down 1.3%. Automakers have been hurt by supply chain problems, especially shortages of crucial computer chips.
Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer chips available for the industry to fully crank up its factories.
While the December performance still reflected strength in manufacturing, there were concerns that the current global surge in COVID-19 cases, largely the highly infectious omicron variant, could further depress manufacturing in coming months.
