Category: General Electric

GE has introduced what it claims to be the most advanced water filtration system in the industry as part of its recently launched French door refrigerators.

General Electric Co. plans to spend $432 million and add 500 U.S. jobs to design and make energy efficient refrigerators, returning positions to a division up for sale as recently as 2008. Factories and design centers in Bloomington, Indiana; Louisville, Kentucky; Decatur, Alabama; and Selmer, Te…

General Electric is laying off 164 workers at a southern Indiana refrigerator factory, although that is about 30 fewer than the company had anticipated. Layoff notices were handed out Monday at the Bloomington factory, which will be left with some 530 workers.

General Electric has put the sale of its consumer appliances unit on hold after Haier, China’s largest maker of home appliances, decided not to bid for the unit until clear signs of a US market recovery emerged, sources close to the developments said.

LG Electronics said it hasn’t been approached by Sweden’s Electrolux about a joint bid for General Electric Co.’s (GE) home appliances unit that is up for sale. “We haven’t been approached by Electrolux or received a proposal from the Swedish company about a possible joint bid for GE’s home appli…

General Electric has today named LG Electronics as a contender to buy its appliance business, which is valued at $4-$8 billion, along with China’s Haier Electronics Group Co Ltd, Mexico’s Controladora Mabe and Turkey’s Arcelik (Beko in the UK). Major Asian appliance makers have been cited as like…

GE’s Chairman and CEO Jeff Immelt says while GE Appliances “has a very strong brand,” it’s primarily a U.S. business and that means its “fortunes are tied to the rise and fall of a single market.” GE’s appliance unit is primarily a domestic business and has been in a sharp decline, together with …

Bloomberg and other have today reported that General Electric have been said to perhaps be selling or seeking a partner for the unit that makes refrigerators and washers, ending more than a century in an industry. GE, the biggest maker of appliances for new U.S. homes, hired Goldman Sachs Group I…

The GE refrigerator plant in Bloomington will close by the end of 2009. The plant employs about 900 people, and GE has said about 60 percent will retire with benefits. GE announced in January that it intended to close the plant, which builds side-by-side refrigerators. It allowed time for the uni…

Wuxi Little Swan Co Ltd said it will sell 30 pct of unit Wuxi Little Swan & GE Co Ltd to General Electric Co for 7.1 mln usd, the company said. In a statement filed with Shenzhen Stock Exchange, the company said Wuxi Little Swan & GE is a wholly-owned unit which makes washing machines for…