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Ford, UAW reach local contract agreement at Kentucky Truck plant
The union said last week said that nearly 9,000 workers at the massive plant in Louisville would walk picket lines starting Friday if the contract dispute was not resolved.
The union said last week said that nearly 9,000 workers at the massive plant in Louisville would walk picket lines starting Friday if the contract dispute was not resolved.
The Indiana-based manufacturer agreed late last year to pay $2 billion to settle allegations that it unlawfully altered hundreds of thousands of Ram pickup truck engines in violation of Clean Air Act emission standards.
The lubricant and fuel-additive company on Friday announced the promotion of Morgan Lucas to CEO and Katie Lucas to president as part of a family-leadership-transition plan.
The company, which has 6,000 employees in the state, has named a new chairman and CEO, and a new president and chief operating officer.
Indiana-based Hillenbrand Inc. is planning to launch a program designed to reduce costs and improve operational efficiency after what is being described as a weaker-than-expected performance from one of its primary business segments.
Cummins posted a rare quarterly loss in the fourth quarter, which was largely due to a previously announced $2 billion environmental settlement. The settlement also reduced the manufacturer’s full-year profit for 2023.
The joint venture, which includes Cummins and three other companies, was formed last year for the purpose of building a battery plant for commercial vehicles.
3M has started paying out its $6 billion settlement to U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company at its Indianapolis subsidiary.
More than 81% of United Auto Workers Local 933 members voted Tuesday to ratify a new employment contract with Indianapolis-based Allison. The members had been working under the terms of a previous contract that expired in mid-November.
Reducing health care costs, pursuing tax breaks and preparing the next generation of Hoosiers for the workforce are among the top priorities of business leaders as state lawmakers return to the Indiana Statehouse Monday for the 2024 legislative session.
Auto sales had their biggest year-over-year increase in more than a decade in 2023, yet sales still haven’t returned to the numbers seen in the years before the pandemic.
The 1,500 members of UAW Local 933 are making plans to walk out at Allison Transmission if the company doesn’t meet the union’s demands.
Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.
Respondents to the survey identified persistent inflation, high interest rates, and a continued shortage of workers among the key challenges for the manufacturing industry.
Cummins has reached an agreement with the U.S. Department of Justice and will pay $1.675 billion—the largest Clean Air Act settlement in history—to resolve allegations that the company violated the Clean Air Act by installing “defeat devices” in some of its pickup truck engines.
The combined company will be among the top three steel-producing companies in the world, according to 2022 figures from the World Steel Association.
CEO Officer Jim Farley said the robust EV demand the company expected hasn’t materialized because potential buyers are balking at high prices and spotty charging infrastructure.
Employees at Honda’s Indiana Auto Plant in Greensburg are among those who will qualify for raises.
Stellantis, which has been slow to introduce fully electric vehicles in the U.S., is so confident in the new powertrain’s appeal that it plans to offer it in other vehicles.
The agreements provide a blueprint for which vehicles Stellantis, Ford and General Motors intend to build in the coming years and where they will do so.