Did ge sell appliance division?

Last updated: May 25, 2022
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If you're looking for the answer to the question: Did ge sell appliance division? then you've come to the right place! We've gathered the most relevant information and related questions to: Did ge sell appliance division? so you can get an accurate answer to your question.

Yes, General Electric sold its appliance division to Electrolux in 2014 for $3.3 billion. The move was part of GE's plan to focus on its core businesses and divest itself of non-core businesses. GE appliances had been a part of the company since its inception in the late 19th century, but in recent years had been struggling to compete with other appliance makers. The sale to Electrolux was seen as a way for GE to focus on its core businesses and to streamline its operations.

Who makes GE refrigerators now?

GE used to make refrigerators, but now they outsourced it to another company.

Where are GE Appliances made 2021?

In 2021, GE Appliances will continue to be made in the United States. The Appliance Park in Louisville, Kentucky will continue to be the home of GE Appliances.

What happened to GE Capital?

GE Capital, once one of the nation's leading investors and lenders, filed for bankruptcy in 2008. The company had been struggling for years with mounting debts and anemic profits. In the end, GE Capital was worth less than the $100 billion it had been worth just a few years before. The collapse of GE Capital was a major blow to the U.S. economy, and it led to a number of high-profile financial scandals.

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