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Jeep Maker Stellantis to Invest $155 Million in EV Indiana Plants — Update

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Jeep Maker Stellantis to Invest $155 Million in EV Indiana Plants — Update


By Mauro Orru


Stellantis NV will make investments $155 million in three Indiana crops to supply new electrical drive modules, a part of the auto maker’s plans to have half of its U.S. gross sales be totally electrical automobiles by the tip of the last decade.

The corporate, shaped by the mixture of Fiat Chrysler and Peugeot maker PSA Group, stated Tuesday that the funding could be made on the Indiana Transmission, Kokomo Transmission and Kokomo Casting Vegetation, bringing its whole investments in Indiana to just about $3.3 billion since 2020.

“With greater than 7,000 workers in Indiana, these investments will leverage the core manufacturing competencies of the native workforce within the areas of casting, machining and meeting, all of which might be wanted even because the market transitions to an electrified future,” stated Mark Stewart, Stellantis North America COO.

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Stellantis expects manufacturing to start out within the third quarter of 2024.

Chief Government Carlos Tavares is aiming by 2030 to have 100% of Stellantis’s European gross sales and 50% of its U.S. gross sales be totally electrical automobiles. International electric-vehicle gross sales achieved round 10% market share industrywide for the primary time final yr, pushed primarily by sturdy development in China and Europe.

“Whereas we proceed our profitable transition to a decarbonized future in our European operations, we are actually setting those self same foundational parts for the North American market,” Mr. Tavares stated.

The announcement comes every week after Stellantis stated it was planning to distribute $4.47 billion in dividends to shareholders and purchase again as much as $1.6 billion value of shares after income and web revenue surged in 2022.


Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

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Indiana

Indiana unemployment sees another slight increase – Inside INdiana Business

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Indiana unemployment sees another slight increase – Inside INdiana Business


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(IIB File Photo/Clint Erbacher)

Indiana’s unemployment rate hit 3.7% in May, up one-tenth of a percent from the previous month. The Indiana Department of Workforce Development said Tuesday that the state added 3,400 private sector jobs over April.

May’s unemployment rate marked the second consecutive month-over-month increase.

The DWD said Indiana’s total private employment stands at 2,850,400. The state primarily saw job gains in the trade, transportation and utilities; professional and business services; construction; financial activities; and leisure and hospitality sectors.

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The state’s labor force participation rate fell one-tenth of a percent to 62.4%, which remains slight below the national rate of 62.5%. The labor force, which includes residents who are either employed or seeking employment, stands at 3,377,185, down nearly 1,700 from the previous month.

The DWD said the state had 98,693 open job postings as of June 17, while 19,458 unemployment insurance claims were filed as of the week ending May 25.

The state’s unemployment rate is lower than the national rate, which also rose one-tenth of a percent to 4% in May.

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Indiana State Museum to offer an adult summer camp

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Indiana State Museum to offer an adult summer camp


INDIANAPOLIS (WISH) — Hoosiers can get ready for an eventful Adult Summer Camp hosted by Indiana State Museum on July 12 from 7-9 p.m.

The program is inspired by the new exhibit, Good Night Forest. The nature-inspired exhibit debuted June 8 and features hand drawn illustrations from local artist, Penelope Dullaghan.

Museum goers can enjoy outdoor activities such as archery, axe throwing, bubble bowling and an obstacle course. Activities are not limited to outdoors; visitors can also make friendship bracelets and tie-dye bandanas.

The museum’s galleries will be open for guided after-hours tours and nighttime stargazing.

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This program is open to visitors 21 and older. Tickets are $45 for non-members, with a 10% discount for Indiana State Museum and Historic Sites members. Each ticket will include admission to the museum, access to all activities, snacks and one drink ticket.

Space for the summer camp is limited, tickets are available at IndianaMuseum.org.



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What the latest 2024 NBA Draft mock drafts say the Indiana Pacers will do

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What the latest 2024 NBA Draft mock drafts say the Indiana Pacers will do


INDIANAPOLIS — The 2024 NBA Draft is in just two days, and the Indiana Pacers have one of the most interesting setups in the league. They have three picks, more than 23 other teams, but all of their selections come in the second round. It will be difficult to manage that reality.

The Pacers top pick comes at 36th overall, then at 49 and 50. Indiana traded their first-round selections for Pascal Siakam, but now they are more limited in the upcoming draft, which spans two days.

“There will always be good NBA players that come out of every single draft,” Pacers VP of player personnel Ryan Carr said last week. “It’s our job to figure out who those guys are and get them on our team.”

Carr shared that his team always prepares the same way every year regardless of what picks they have. They’ll be ready come Wednesday and will try to get the best player they can at 36. General manager Chad Buchanan discussed the draft earlier in the offseason.

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Who might that best player be at 36? And who else could the Pacers pick this week? Recent mock drafts have some overlapping names.

Yahoo Sports (Krysten Peek)

The Athletic (Sam Vecenie
)

ESPN (Jonathan Givony and Jeremy Woo)

The Ringer (Kevin O’Connor)

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The NBA Draft starts on Wednesday night and ends Thursday evening. It’s a two-day event this year for the first time.



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