Parts shortages could put a damper on the rising U.S. auto industry.
The U.S. auto industry, already stretching to meet rising demand for cars and trucks, is facing shortages of parts and materials that could limit the number of new vehicles in showrooms later this year and crimp a historic turnaround.
The most immediate problem – a shortage of a crucial plastic resin, caused by an explosion March 31 at a plant in Germany – could surface in a few weeks. And later this year or beyond, automakers could be confronted with an even bigger crisis, running short of parts simply because there aren’t enough factories and people to make them.
Indiana Tech has received approval to build a law school in Fort Wayne.
A report says that Hoosier CEOs have an average annual pay of $4.5 million.
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