Stellantis warns of $2.7B loss in first half due to tariffs, big changes
The automaker, which earlier this year laid off workers in Kokomo, anticipates an impact of about $351 million for net tariffs incurred, as well as planned production losses.
Manufacturing
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Manufacturing stuck in rut despite subsidies from Biden, protection from Trump
The Institute for Supply Management, an association of purchasing managers, reported that manufacturing activity in the United States shrank in June for the fourth straight month.
Nippon Steel looking to double its steel output in United States within 5 years
At U.S. Steel, Nippon Steel plans to invest $11 billion by 2028 to upgrade aging production facilities. The plan includes at least $3.1 billion in investments for the Gary Works mill in Indiana.
Fairbanks Foundation awards $13M to create new statewide apprenticeship program
The first students in the Career Apprenticeship Pathway, or INCAP, will start in fall 2026 and split time between school and the workplace.
Gared Performance Sports Systems to relocate, establish new HQ in Hamilton County
The move marks a “significant milestone” for the company, which plans to add 175 jobs in the process.
GE Appliances moves washing machine production from China to Louisville with $490M investment
In all, production of more than 15 models of front load washers will shift to the company’s sprawling Louisville production complex—known as Appliance Park.
Kimball’s Indy medical solutions unit swings for fences with new Post Road plant
Victory Field, home of the Indianapolis Indians, would just about fit perfectly inside the Jasper-based company’s new 307,000-square-foot facility.
Nippon Steel finalizes $15B takeover of U.S. Steel after sealing national security pact
The combined company will become the world’s fourth-largest steelmaker, and bring what analysts say is Nippon Steel’s top-notch technology to U.S. Steel’s antiquated steelmaking processes.
Trump administration offers some details of how it would control U.S. Steel, but union raises concerns
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.
Allison Transmission to acquire Dana Inc. business unit for $2.7 billion
The business unit employs about 11,000 people in 25 countries. Allison did not specify if any jobs would be negatively affected by the deal.
GM to invest $4B to shift some production from Mexico to United States
The company will add production of the gas-powered Chevrolet Blazer and Chevrolet Equinox, which are made in Mexico, to two American plants starting in 2027.
Caterpillar planning $60M expansion in Lebanon that would add nearly 700 jobs
The company plans to expand its existing 600,000-square-foot facility in Lebanon Business Park.
Turchetti’s meat brand shifts focus to wholesale expansion
The company launched its production facility in the Bates-Hendricks neighborhood in August, focused on building a nationally recognized meat brand.
Supreme Court blocks Mexico’s $10B suit alleging United States gunmakers fueled cartel violence
The case began in 2021, when the Mexican government filed a blockbuster suit against some of the biggest gun companies, including Smith & Wesson, Beretta, Colt and Glock.
Aluminum and steel prices surge after Trump says he’ll double tariffs
President Trump hopes the increased levies will protect margins for domestic mills and spur investment in new production capacity.
Stellantis names Italian car executive Antonio Filosa its new CEO
Filosa is currently Stellantis’ chief operating officer for the Americas and chief quality officer.
UPDATE: Trump announces ‘planned partnership’ between U.S. Steel and Nippon
The proposed acquisition, first announced in December 2023, was originally blocked by former President Joe Biden.
Honda pulls back on EV strategy for now, will push hybrid sales
Honda said Tuesday that electric vehicle sales were slowing in the U.S., prompting the automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030.
Report: Nippon increases investment pledge to $14B if U.S. Steel sale is approved
U.S. Steel first announced plans for the acquisition in December 2023 after another purchase offer from rival Cleveland-Cliffs was rejected.
As Indiana manufacturing grows, ‘we clearly don’t have enough electricity,’ Braun warns
Gov. Mike Braun warned that Indiana needs swift solutions for its bevy of water and energy “challenges” to support the state’s expanding manufacturing sector.