Kokomo Tribune; Kokomo, Indiana

August 4, 2013

Business Briefs


Kokomo Tribune

---- — Kokomo native returns to practice

BeGentle Dentistry and Dr. Ed Mamaril welcomed new dentist Dr. Allison Gibson, a Kokomo native, as a new partner recently.

Born and raised in Kokomo, Gibson graduated from Western High School in 2005, from Indiana State University in 2009 with a major in biology and minor in chemistry, and from IU School of Dentistry on May 11.

She will practice from two offices: 2302 S. Dixon Road, Suite 125, 765-453-9389; and in Logansport at 1107 E. Broadway St., 574-739-1060

She will be in Kokomo on Mondays and Fridays and in Logansport on Tuesday, Wednesday and Thursday.

“I am really excited that I have the opportunity to come back to Kokomo and serve the community that I was raised in,” Gibson said. “I can’t wait to get my career started in the dental field and acquire new patients”

Swindler joins Eye Physicians staff

Shaun F Swindler, M.D., an ophthalmologist specializing in refractive, oculoplastic, and small incision cataract surgeries, has joined the staff of Eye Physicians, Inc. He joins Michael R. Wild, M.D., and Robert B. Dinn M.D., and will be accepting new appointments beginning Monday.

Swindler received his medical degree from Chicago Medical School in 2009. He completed his ophthalmology residency at Indiana University in 2013 and was Chief Resident at St Vincent from 2009 to 2010.

In addition to refractive, oculoplastic, and small incision cataract surgeries, his special interests include macular degeneration, glaucoma, and diabetic eye care. He is now board eligible.

Eye Physicians, Inc. specializes in the diagnosis and treatment of eye conditions and diseases and has been serving the patients of Central Indiana for over 40 years with offices in Kokomo, Peru, and Logansport.

Summers Plumbing, Heating & Cooling Inc. wins award

Summers Plumbing Heating & Cooling Inc., Noblesville, has been recognized as one of the 2013 Indiana Companies to Watch, an awards program presented by the Indiana Economic Development Corporation, its Small Business Development Center and the Edward Lowe Foundation.

Thirty-three companies from Indiana will be honored as outstanding second-stage companies during the fifth annual Indiana Companies to Watch awards program, held on August 22 in Indianapolis.

Companies to Watch is an awards program that celebrates Indiana’s privately-held second-stage companies, those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.

Companies honored range in industries and have headquarters based in 14 counties throughout the state. Among the 33 honored companies in 2013 is Summers Plumbing Heating & Cooling.

Summers Plumbing Heating & Cooling has 11 different locations throughout Indiana, including Kokomo, and one location in Dayton, Ohio.

Chrysler income up on U.S. sales

DETROIT (AP) — Chrysler is having some growing pains.

The country’s third-largest automaker said Tuesday that its sales picked up in the second quarter thanks to strong U.S. demand for trucks and SUVs. But the company cut its target for full-year sales and profit, blaming persistent problems as it adds more shifts and ramps up production of vehicles like the Ram pickup and the Jeep Cherokee small SUV.

“You need to remember that in 2010 we produced 1 million cars. We’re now at two-and-a-half times that level,” Chrysler CEO Sergio Marchionne said in a conference call with analysts and media.

Marchionne said making sure Chrysler has enough parts from suppliers has been a problem. It’s also working out the bugs in new components. Engineers are still making adjustments to the Cherokee’s new nine-speed transmission, for example, even though the first Cherokees began rolling off the line in June.

Chrysler is also adding more workers, like the second shift of 1,100 people who will start making Cherokees next month and the 1,250 people who will start making transmissions in Kokomo, early next year.

Chrysler isn’t the only automaker who has had problems ramping up production. Ford Motor Co. delayed the launch of the new Lincoln MKZ sedan this spring because of production and quality issues.

But Marchionne said Chrysler is unusual because it’s updating so many products and parts at once. He also says Chrysler had a lot of catching up to do when its majority owner, Italian carmaker Fiat SpA, brought it out of bankruptcy four years ago.

“The insistence on quality that was introduced with the new Chrysler back in 2009 is forcing a level of scrutiny that is certainly unusual for Chrysler historically,” Marchionne said.

Chrysler’s first-quarter sales suffered because it was slow to release new versions of the Ram pickup and Jeep Grand Cherokee SUV, two of its most popular vehicles.

Those production issues were resolved by the second quarter. U.S. Ram sales rose 30.4 percent over last year as construction companies and other small businesses raced to replace aging trucks. It was the Ram’s best second quarter since 2007. Grand Cherokee sales soared 27 percent.

Chrysler sold 643,000 vehicles worldwide in the second quarter, up 10 percent from a year ago. Sales were also up 10 percent in the U.S., where Chrysler sells 75 percent of its vehicles. Chrysler’s U.S. sales rose faster than the industry average of 8 percent in the second quarter.

Still, because it lost first quarter sales and will be slow to launch the new Cherokee, Chrysler doesn’t expect to meet the targets it set at the beginning of this year. The Auburn Hills, Mich.-based company now expects to ship 2.6 million vehicles worldwide in 2013, at the low end of its goal of between 2.6 million and 2.7 million. It expects to earn between $1.7 billion and $2.2 billion, down from its previous target of around $2.2 billion.

Chrysler said its net income rose 16 percent to $507 million in the April-June period from $436 million a year ago. It was Chrysler’s eighth straight quarterly profit.