Thyssenkrupp to Close Indiana Automotive Site by March 2025
May 17, 2026
Published by Global Banking & Finance Review
Finance Markets Automotive industry
Thyssenkrupp to Shutter Indiana Automotive Plant as Part of Major Overhaul
Thyssenkrupp Announces Closure and Restructuring Plans
Indiana Plant Closure Details
May 18 (Reuters) – German industrial conglomerate Thyssenkrupp will close its production site in Terre Haute, Indiana by end-March next year under an overhaul of its automotive unit, the company said in a statement on Monday.
Focus on Hamilton, Ohio Facility
Its chassis business will be focused at its facility in Hamilton, Ohio, the company added.
Impact on Workforce
The Terre Haute site, which currently employs around 320 people, will be phased down in an orderly manner, Thyssenkrupp said.
(Reporting by Bernadette Hogg)
- Closure reflects Thyssenkrupp’s U.S. automotive network realignment aimed at enhancing competitiveness and efficiency. (finance.yahoo.com)
- Terre Haute plant, producing steering components and employing roughly 230–320 staff, will be phased down orderly in compliance with WARN Act guidelines. (hoodline.com)
- Chassis and steering production will shift to Hamilton, Ohio, as part of cost-saving and operational consolidation across North American sites. (finance.yahoo.com)
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