Auto supplier adding more jobs in Indiana

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(WISH) – An auto supplier is adding jobs in Indiana, and a big tech company is postponing big product announcement.

Tesla has postponed the unveiling a new product Monday, something the CEO calls “most unexpected.”

But now he’s delayed the much prompted announcement for two days. He said it needs refinement. So what is that?

Well, there’s a lot of speculation. There are rumors that it could be a modified version of Tesla’s model X SUV, a vehicle many are implying to as the model Y.

Another idea is a more sophisticated camera that would make Tesla vehicles safer than before.

In more business headlines, Metaldyne Performance Group, an auto parts supplier announced plans to expand its operations in Indiana, creating up to 126 new jobs by 2019.

The Michigan-based company will invest $30 million to lead and equip a 32,000 square foot facility in North Vernon. With construction scheduled to begin later this month and operations slated to begin in 2018.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.