Cummins Completes Deal for Braking Systems Firm
Columbus-based Cummins Inc. (NYSE: CMI) has completed its acquisition of Jacobs Vehicle Systems, a Connecticut-based manufacturer of engine braking and cylinder deactivation systems. ... Read More
Automotive
Andretti, IEDC Partner on Promoting State’s E-power
The Indiana Economic Development Corp. is joining forces with one of the biggest legacy names in auto racing to showcase the state’s efforts in clean energy technology.... Read More
Fishers Company Taps Rare Minerals Sector
Fisher’s-based American Resources Corp. (Nasdaq: EREC), a company specializing in the extraction and recycling of rare earth elements found in batteries and magnets, has acquired Energy Technologies Inc., located in Tennessee. ... Read More
Indy 500 Festival Event Cars Unveiled
The main straightaway at the Indianapolis Motor Speedway was clogged Monday with 50 identical 2022 Chevrolet Camaro SS convertibles... Read More
Allison Completes Purchase of India Powertrain Maker
Indianapolis-based Allison Transmission (NYSE: ALSN) has completed the acquisition of India-based AVTEC Ltd.’s off-highway transmission and component machining businesses. The cash deal, which was first announced in September, is valued at $23 million.... Read More
Toyota Idling Indiana Plant for 5 Days
Toyota Motor Corp. will pause production at its Princeton, IN plant for five days in April because of supply chain disruptions.... Read More
Cummins Acquires Braking Manufacturer
Columbus-based Cummins Inc. (NYSE: CMI) says it is buying Jacobs Vehicle Systems, a Connecticut-based manufacturer of engine braking and cylinder deactivation systems.... Read More
Cummins, Isuzu To Create Prototype Battery Electric Truck
Columbus-based Cummins Inc. (NYSE: CMI) and Japanese automaker Isuzu Motors Limited have agreed to create a prototype medium-duty, battery electric truck. ... Read More
Cummins Closes Deal on CNG Joint Venture
Columbus-based Cummins Inc. (NYSE: CMI) has completed its acquisition of 50% equity interest in Momentum Fuel Technologies. ... Read More
PPG to Close Lafayette Plant
Pittsburgh-based PPG Industries Inc. (NYSE: PPG) has notified the state it intends to close its plant in Lafayette this fall, leaving 54 workers without jobs... Read More
Winner Crowned at Autonomous Challenge in Vegas
The University of Alabama earned a championship over the weekend, even as it prepares for the College Football Championship being played Monday night at Lucas Oil Stadium. ... Read More
GM Commits to Bedford for EV Parts
Economic development officials in Lawrence County say Tuesday’s announcement that General Motors Co. (NYSE: GM) will invest $51 million into its die casting foundry in Bedford serves as a signal the plant is part of the company’s long-term strategy.... Read More
Wabash Launches Next Gen Grocery Delivery Vehicle
Wabash has launched a light-duty, home delivery refrigerated truck body and it already has a large contract with a large grocery chain.... Read More
KAR Auction Services Hires New VP
Carmel-based KAR Auction Services Inc. has named Chuck Coleman vice president and associate general counsel. He previously served as a partner and chair of the Business Practice Group at Indianapol...... Read More