U.S. car sales: Toyota tanks, others take flight
Beyond the expected plunge for troubled Toyota, U.S. car sales sailed along nicely in January, including a 24 percent surge
for Ford and 14 percent gain for GM.
Manufacturing
Articles
Indy without Lilly, the 500?
An Indiana University prof thinks Indianapolis should anticipate a future without Indianapolis Motor Speedway, and a potentially
reduced Eli Lilly and Co.
New emissions standards drive up Cummins profit
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a
rush on engines that won’t have to conform to new emission standards.
Enzon Pharmaceuticals sells Indy drug plant; 100 local jobs safe
New Jersey-based Enzon Pharmaceuticals Inc. has sold its Indianapolis plant that manufactures specialty drugs in a deal that
could top $300 million. The buyer says that the operations, which employ about 100, will remain in the city.
Toyota: Parts on way to fix faulty gas pedals
Toyota Motor Corp. is telling dealers that they should get parts to fix sticky gas pedals later this week. But the 4.2 million
customers affected by a large recall may have to wait a while for repairs.
Haynes pays CEO almost twice as much as predecessor
CEO Mark Comerford’s $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro’s pay the previous
year—even though the company’s revenue dropped 31 percent in the same period.
Analyst: Recalled Toyotas likely won’t face long-term resale hit
Recalled Toyotas have been yanked from used-vehicle auction blocks, but resale values should be protected if Toyota handles
the
recall with “transparency,” according to a local analyst.
Job cuts begin at east-side steering parts plant
Fifteen employees at an east-side automotive plant operated by a Ford subsidiary will lose their jobs on March 31. More job
cuts are expected, as the factory prepares to close by the end of 2011.
Mobile lab maker Biologics to create 50 jobs in Brownsburg
A startup that makes mobile laboratory and manufacturing facilities will locate its headquarters, design and manufacturing
operations in Brownsburg, creating at least 50 jobs by 2013.
Cantaloupe unveils newest e-mail marketing product
Local technology firm’s VideoHere system allows companies to embed videos in their marketing e-mails.
Litigation slows entrepreneur behind laser weapons, flying scooter
Anderson entrepreneur Pete Bitar has been slowed by litigation but still plans to spearhead a team in the competition to
put a rover on the moon.
Trade group TechPoint calls for Mira Awards nominations
TechPoint is now accepting nominations for its 2010 Mira Awards.
ALTOM: Does instant messaging make business sense?
An instant messenger is one of those technologies that seems silly until you start using it.
Interactive Intelligence fourth-quarter profit up 74 percent
Record product orders spur sales at Indianapolis-based software maker Interactive Intelligence, propelling profits to $2.5 million.
Wireless bidding system BidPal drives charity auction offers higher
Tech executive Scott Webber and a local entrepreneur are out to revolutionize benefit auctions, which, despite their importance
in raising an estimated $16 billion a year for not-for-profits, can be remarkably primitive.
Toyota recall gives Elkhart-based supplier unwanted notice
Like most companies that make thousands of parts in automobiles, Elkhart-based CTS Corp. was virtually unknown to the average
car buyer. That was until its gas pedal was blamed for big problems with some very popular cars.
Bicycle-components manufacturer adding 105 jobs
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis
to make its high-end bicycle components.
Bluefish Wireless set to announce up to 150 new local jobs
A Zionsville firm that manages employers’ wireless devices plans expansion, new jobs. Clients
include
such Fortune 500 companies as Intel, Oracle, Ford Motor Co.
Remy hybrid agreements help offset GM loss
Pendleton-based Remy International signs deals with Allison Transmission Inc. in Indianapolis and German automaker Daimler
AG to supply electric motors for hybrid systems. The agreements should help offset a loss of business from General Motors.
Steep sales decline forces Hurco to slash executive pay
Indianapolis-based machine toolmaker’s CEO takes 63-percent compensation cut.