Thread Number: 62990  /  Tag: Modern Automatic Washers
GE will still be GE for now....
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Post# 855536   12/7/2015 at 11:07 (506 days old) by estesguy (kansas)        

Looks like the on again, off again sale of the GE appliance division, is off again

CLICK HERE TO GO TO estesguy's LINK





Post# 855537 , Reply# 1   12/7/2015 at 11:17 (506 days old) by combo52 (Beltsville,Md)        
Yay

combo52's profile picture

It is nice to have a Department Of Justice that actually does its job, not like when W was president in 2006 and Whirlpool was allowed to become the majority builder of laundry appliances in the US.


Post# 855548 , Reply# 2   12/7/2015 at 12:26 (506 days old) by LaVidaBoem (South Carolina)        
Don't Blame Whirlpool

lavidaboem's profile picture
Circa 2001,
GE, Whirlpool, Frigidaire sat before Congress, and BEGGED them to do something about the dumpling of Samsung and LG products on our market @ below the cost of manufacture with no help at All.

Each and Everyone of you that has bought the Sammies and LowGrades are to blame for the mess we are in.

Period,

Hope this Helps,
LaVidaBoem


Post# 855550 , Reply# 3   12/7/2015 at 13:23 (506 days old) by johnb300m (Chicago)        
......

johnb300m's profile picture
Not sure how I feel about this....
GE really really REALLY REALLY doesn't want Appliances anymore.
Which means.....it'll probably be dumped off on a Chinese firm or an investment group, which will then kick it around, part it out, etc.....
I'm not so optimistic.
At least Electrolux was a reputable appliance maker :/


Post# 855553 , Reply# 4   12/7/2015 at 13:32 (506 days old) by LaVidaBoem (South Carolina)        
Spot On, My fellow American...

lavidaboem's profile picture
JohnB300m>>

Could not agree more.

So what is the answer??

I don't know...but I have a feeling that some of us have forgotten that the Pen IS Mightier than the Sword.

We all love to have a forum to be able to talk to each other, cuss, and discuss agenda...but are we shorting oursevles??

You bet...

Tell someone that it should matter to...

If everyone penned a letter to their reprentatives on the State and Federal Level...

Can you imagine the shear volume of mail, and the overwhelming of the system>>??

That was Reagan's Magic Bullet....even his own people hated when he didn't get his way...he went to the American public, and told them to do the same.
Whether you liked the man or not...he knew how to conduct business.

Hope this Helps,
LaVidaBoem


Post# 855554 , Reply# 5   12/7/2015 at 13:35 (506 days old) by henene4 (Germany)        
LOL

Sorry, I couldn't get a more accurate headline together.
And I don't want to get into politics.

But, first, no manufacturer will ever sell any product that has ever existed below its production price. That is just straight up economical BS.

Second, no, we are not to blame. If a market chooses a way to go, logicly a majority wants to go that way, because any somewhat free market space will always produce more profits for those who suite the market.
And, for your matter, EVERYBODY is to blame cause ANYBODY alive today who just has been in a first world country bought at least 1 product containing a component made somewhere in Asia.

And, third and last, I wouldn't give a true 100% honor to any producer of white goods.
Here in Europe, we are now down to 7 "major" brands: Miele, BSH, E-Lux, Whirlpool, Candy\Hoover, Gorenje and Acrelik (not sure about the spelling, the ones that make Beko, Blomberg and Co.).
And Whirlpool recently bought up Hotpoint\Indesit. Though they do have some kind producr hybrid design going (they launched some crossed WD combos with mixed parts), a whole share of diversity got whiped of the market.
Oh, and if I do remember right, our WP washer is mostly made in China, as well.


Post# 855558 , Reply# 6   12/7/2015 at 14:39 (506 days old) by mark_wpduet (Lexington KY)        
It's too bad

mark_wpduet's profile picture
that the powers that BE at GE don't have any type of fascination with appliances like members here. I guess appliances are so horrendously minor compared to other things they build.

Post# 855565 , Reply# 7   12/7/2015 at 15:14 (506 days old) by washman (Butler, PA)        
Actually they do

washman's profile picture
"that the powers that BE at GE don't have any type of fascination with appliances like members here. I guess appliances are so horrendously minor compared to other things they build."

Actually the reason is not high enough ROI. Gotta keep shareholders happa ya know.


Post# 855569 , Reply# 8   12/7/2015 at 15:25 (506 days old) by johnb300m (Chicago)        
IPO?

johnb300m's profile picture
If there's any evidence of the ingenuity and prowess that still exists at GE Appliances, it's in their products released in the past few years.

They have washers that are naturally higher, so you don't have to buy pedestals. Their cycles will work out the best programming for certain stains.

Their dishwashers will reverse their wash arms, and they brought to market the bottle jets first. Steam is a standard feature on all but the BOL.

The unique and well priced "GE Artistry" series.

Reveal LED bulbs that have a superior color (IMO).

They've done a lot of fantastic stuff...and GEA is very profitable. Over $1B last year...................

If allowed to be slightly optimisitic, maybe they'll spin off the Appliances division on its own?
BUT....does that then make it a takeover target?


Post# 855573 , Reply# 9   12/7/2015 at 16:17 (506 days old) by alr2903 (TN)        

Maybe Walgreen's and CVS will buy GE.   They would have tons of showrooms.   There is no way they plan to keep 2 drugstores on every corner.  Art

 


Post# 855580 , Reply# 10   12/7/2015 at 17:01 (506 days old) by alr2903 (TN)        

Sorry I thought my post was in the wrong  place. We have 2 threads going on this topic.   -A


Post# 855625 , Reply# 11   12/8/2015 at 01:32 (506 days old) by askolover (South of Nash Vegas, TN)        

askolover's profile picture

Why don't we all go in together and buy GE?  Then we could build 'em the way we want 'em!

 

Oh, sorry, I thought I was asleep and dreaming!


Post# 855980 , Reply# 12   12/10/2015 at 10:10 (503 days old) by johnb300m (Chicago)        

johnb300m's profile picture
www.foxbusiness.com/investing/201...

I thought this was a really interesting read.

In summary, they all think GE should double down on manufacturing. Especially American manufacturing, since it seems to have real, tangible, global equity.


Post# 858092 , Reply# 13   12/23/2015 at 21:08 (490 days old) by LaVidaBoem (South Carolina)        
6 day old News, but...

lavidaboem's profile picture

To Wallstreet and investors as of Monday of this week,

GE announced that it is still actively seeking a suitor for the appliance division.

 

Sad, but True,

 

LaVidaBoem



CLICK HERE TO GO TO LaVidaBoem's LINK

Post# 858169 , Reply# 14   12/24/2015 at 13:06 (489 days old) by Combo52 (Beltsville,Md)        
GE's major appliance division

combo52's profile picture
Will likely go to LG Samsung or Haier. In any event one of these three is much better than Frigidaire getting it.

Post# 861656 , Reply# 15   1/13/2016 at 16:34 (469 days old) by johnb300m (Chicago)        
uh oh

johnb300m's profile picture
www.wave3.com/story/30958685/repo...

www.sltrib.com/home/3406974-155/c...



Well here we go. The beginning of the end.
America will very likely lose a historic icon to the Chinese :'((((((

No values or patriotism at all. None.
I have nothing good to say about Immelt.





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