Electrolux Invest $500M in US Mfg; Consolidates Production

The Electrolux Group said today it is planning total investments of approximately USD 500 millionin its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America with new lines of innovative Frigidaire kitchen products. The company also said it will consolidate freezer production into its Anderson, South Carolina refrigeration facility. Today’s announcement entails modernizing and…

ON Semi Joins Audi Progressive SemiConductor Program

ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, has announced a strategic relationship with Audi following its selection to become part of the German car maker’s Progressive SemiConductor Program (PSCP). The goal of the interdisciplinary semiconductor strategy is to foster innovation along with quality and make the latest technologies available for Audi models early on -…