California-based tech company C3.ai, which accuses Cummins of “brazen misappropriations of trade secrets and breach of contract,” said it plans to seek damages estimated at between $500 million and $1 billion.
The expansion projects will boost production of medicines for Alzheimer’s disease, diabetes and obesity.
Jeep and Ram maker Stellantis will retool three Michigan factories so they can build electric vehicles or battery parts to support a strategy of making vehicles powered by both gasoline and batteries.
Four-year-old Novusterra Inc. is planning an initial public offering within 90 days and hopes to be approved to trade on the OTCQB Venture Market, often used by companies that are still developing.
The Institute for Supply Management’s manufacturing gauge fell to its lowest level since May 2020.
The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would not start next year as originally planned.
Electric vehicle sales in the U.S., Ford’s most profitable market, are still growing but have slowed as more practical consumers worry about range and the ability to recharge while traveling.
President Shawn Fain accused the company of reneging on promises to restart a now-closed assembly plant in Belvidere, Illinois, just over an hour northwest of Chicago.
U.S. Transportation Secretary Pete Buttigieg, a South Bend native, said the nation has entered a “manufacturing renaissance.”
In a switch from its original focus, the Hardtech Innovators Network will seek to help those who actually do the hands-on design, engineering and innovation work at Indiana companies.
The layoffs are a troubling sign for the Biden administration’s multibillion-dollar plan to rebuild the U.S. chip manufacturing industry.
The decision Wednesday by the National Highway Traffic Safety Administration could lead to a huge recall despite opposition from automakers.
In a statement Tuesday, Stellantis said it faces inflationary pressures at the same time as it tries to make affordable vehicles for its customers.
Indianapolis-based leather goods manufacturer Howl & Hide Supply Co. made personalized passport wallets for A’Ja Wilson and her Olympics teammates.
Each auto company has unique problems, but common to many are growing stockpiles of pricey vehicles on dealer lots, requiring increased discounts to sell them to buyers with stressed-out household budgets.
In the U.S. in June, it took an average of 97 days on dealer lots for Stellantis to sell vehicles, the highest in the industry, according to Edmunds.com.
The Indiana-based company known for its handbags on Thursday said it is “reinvigorating the business and restoring brand relevance” with the help of actress Zooey Deschanel.
Detroit Diesel Remanufacturing LLC said the closure will affect a total of 80 workers, the first of which are expected to be laid off next month.
Stevanato, an Italian-based life sciences company that makes glass vials and syringes for pharmaceuticals, has committed to paying employees at its new Fishers facility no less than $70,000 annually.
IndyCar expressed encouragement and excitement about the hybrid engine in a statement after the race that cited the collaboration between Chevy and Honda.
