RIP General Electric appliances

[volmanbill]

After six months and $5.6 billion, the appliance division of General Electric officially belongs to the Chinese manufacturer Haier, the companies said at a press conference Monday.

It's official: GE Appliances belongs to Haier - CNET

 

[joevol33]

Dang.

 

[n_huffhines]

It's such a gigantic company, though. Appliances were part of the foundation of the company, but they became just a fraction of the $50B operation. My sister works for the energy division.

 

[malinoisvol]

Haier SUCKS!

 

[YankeeVol]

Haier SUCKS!

Well it's Chinese so...

 

[BenGrimm]

Damn... Just bought a GE kitchen set of appliances.

 

[Slydell]

Just think, in 20 years or less, about 5 companies will own the world.

 

[ajvol01]

It's such a gigantic company, though. Appliances were part of the foundation of the company, but they became just a fraction of the $50B operation. My sister works for the energy division.

@ $5.6B, 11% is a pretty good sized fraction

 

[malinoisvol]

Just think, in 20 years or less, about 5 companies will own the world.

My money is on LG.

ETA: LG Electronics

 

[joevol33]

My money is on LG.

ETA: LG Electronics

I bet Lawgator got excited for a minute.

 

[WallyBalls]

Somewhere, Jack Donaghy weeps.