Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about
a dangerous accelerator pedal defect. The automaker still denies the government's
allegation that it violated the law.
Alro Steel Corp., which has plants in Indianapolis and Fort Wayne, paid a $120,000 fine over hazardous chemical reporting
violations.
Toyota Motor Corp. is expected to agree to a fine of more than $16 million on for failing to promptly report to the government
problems with sticking gas pedals on its vehicles, a Transportation Department official said.
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169
percent.
TailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish
operations in an existing 48,000-square-foot building in Franklin Business Park.
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
The five-year tax break could help bring a new research-and-development program for electric vehicles to Kokomo, creating
118 jobs and saving 72.
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research,
and hopes to see its product in more
foods and drinks, perhaps even mouthwash.
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
Four-year agreement to provide engines for tanker aircraft is the latest military contract snared by Rolls-Royce’s local operations.
The upstart cop car manufacturer is doing lots of things differently, including the way they track your car.
Company executives told those at Monday’s information sessions that many jobs will require an associate’s degree in engineering
and computer literacy to operate assembly-line machines.
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
Robert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management
team also took
substantial pay cuts.
The glitzy gadget maker says it sold hundreds of thousands of iPads on Saturday, the day they debuted for more than $499 a
pop.
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.
K-Tron will become a unit of the Batesville company. K-Tron shareholders received about $150 per share in cash for their common
stock in the deal, which was announced in January.
Bill Simpson’s Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company
to continue selling race car safety gear made this year and last.
