Angry over cutbacks, Trump threatens to end subsidies to GM
President Donald Trump threatened Tuesday to cut off all federal subsidies to General Motors because of its planned massive cutbacks in the United States.
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United Technologies to break into three independent companies
The three companies will be United Technologies, which will house its aerospace and defense industry supplier businesses; Otis, the maker of elevators, escalators and moving walkways; and the Carrier air conditioning and building systems business.
Foxconn subsidiaries to lay off 155 manufacturing, assembly workers in Plainfield
The companies are chalking up the layoffs at their facility at 1581 S. Perry Road to “changes in our business and production objectives,” according to a notice to state officials.
General Motors to slash 14,700 jobs in North America, close plants
The nation’s largest automobile manufacturer said it could close up to five plants and eliminate several car models.
U.S. durable goods orders show worst decline in 15 months
The Commerce Department said Wednesday that orders to U.S. factories for big-ticket manufactured goods dropped 4.4 percent last month.
Small manufacturer’s custom scents amass sizable sales
The handmade products of Indianapolis-based Ambre Blends are racking up big sales gains nationwide among high-end clientele.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
Indiana casket plant with 200 workers to close in 2019
Matthews Aurora Funeral Solutions announced Friday it will close its Richmond plant and move work to two other locations.
U.S. factory production expands for fifth consecutive month
Factory output continued to grow at a solid clip, supported by a range of sectors, including metals, machinery, aerospace and furniture.
Lawn care equipment manufacturer plans 58 jobs in Lebanon
Startup Steel Green Manufacturing recently moved into a manufacturing facility in Lebanon and plans rapid growth over the next four years.
EPA plan for truck emission standards wins initial praise from both sides
The Truck and Engine Manufacturers Association, which represents Indiana-based Cummins Inc. and other engine manufacturers, said the proposal represents a chance to modernize how the agency oversees big-rig emissions.
Indiana paper straw maker planning to add 200 employees
The company's straws are an alternative to plastic straws, which are being banned or restricted in some places. It said demand was skyrocketing for the product.
Subaru recalls nearly 400K vehicles to fix stalling problems
The first recall covers about 229,000 Outback and Legacy vehicles that could have software problems.
Cummins focuses on both diesel and uncertain electric future
Columbus-based Cummins Inc. is doing a bit of a juggling act these days—staking its claim in the new realm of electric vehicles while keeping its legacy diesel business humming.
Indiana becomes epicenter of campaign battles over Trump trade policies
Tariffs are weighing heavily on the tossup U.S. Senate contest between Democratic incumbent Joe Donnelly and Republican Mike Braun.
Cummins sees big jump in earnings, revenue in third quarter
Indiana-based Cummins Inc. on Tuesday beat expectations with its third-quarter earnings while narrowly missing revenue predictions.
Allison Transmission tops expectations with quarterly report
Allison Transmission Holdings Inc. raised its guidance for the rest of the year after reporting solid sales and profit growth in the third quarter.
Packaging manufacturer plans $106 million plant in Lebanon
A British company with packaging plants around the world plans to build a 550,000-square-foot manufacturing facility just southwest of Interstate 65 that will employ 140.
Wind-farm builder IEA buys three companies for $235 million
The acquisitions are the first for IEA since it went public this spring, and signal that the company is pushing hard for more growth in the booming renewable energy sector.
Auto industry supplier plans $90 million Indiana expansion
A Japan-based automotive industry supplier plans to spend $90 million to expand its manufacturing operations in Indiana, the company announced Tuesday.