BANNOCKBURN, IL—The market for electronics manufacturing services (EMS) is expected to grow slightly faster than most other segments of the electronics supply chain due to increasing OEM outsourcing, according to the IPC–Association Connecting Electronics Industries. The total North American EMS market is forecast to reach $69 billion in 2013.
CHATTANOOGA, TN—Volkswagen’s assembly plant here has exceeded the economic impact projected when the company announced its initial investment in 2008, according to a new study by economists at the University of Tennessee. Including direct employment, employee spending and suppliers, the VW plant produced approximately 12,400 new jobs.
DETROIT—The federal government plans to sell another 30 million shares of General Motors stock in a public offering today as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.
WHITSETT, SC—Lenovo, the world’s second largest seller of PCs, officially opened a new assembly plant here today. The facility is adding 115 manufacturing jobs and is on track to be in full production by the end of June.
NORWALK, CT—The Financial Accounting Standards Board has issued a proposal that would require companies to report equipment and building leases on their balance sheets.
EVANSVILLE, IN—Systems integrator Evana Automation Specialists recently delivered a clutch assembly line to American Axle & Manufacturing Inc. The line integrates both fully and semiautomatic processes.
BOSTON—You’ll never understand your robot until you walk a mile in its screws. A new MIT study reveals that when co-working humans and robots cross-train, productivity improves.
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