Thread Number: 60390
/ Tag: Modern Automatic Washers
GE's Divestiture Plans Hit Hurdles |
[Down to Last] |
|
Post# 830453 , Reply# 1   7/2/2015 at 11:16 (3,192 days old) by joeypete (Concord, NH)   |   | |
Checkrate/Likes
 
2    
I can't say I'd be sad if this deal fell through. I mean GE is an American icon in the appliance industry…among other industries. Not that their appliance division is losing money either, it just "small potatoes" in their eyes. They want to focus on bigger and better things. I just hate to see as big of an American brand like this, become owned by a foreign company. I worry about jobs here of course. I know Electrolux manufacturers a lot of their appliances in the states, but taking on GE would be a huge amount of employees. Of course I'd rather see them buy it, than GE shut it down or sell it in parts, etc.
|
Post# 830462 , Reply# 2   7/2/2015 at 12:39 (3,192 days old) by mrb627 (Buford, GA)   |   | |
Checkrate/Likes
 
1    
|
Post# 830524 , Reply# 3   7/2/2015 at 18:53 (3,192 days old) by appnut (TX)   |   | |
Checkrate/Likes
 
1    
|
Post# 830563 , Reply# 4   7/3/2015 at 07:03 (3,191 days old) by combo52 (50 Year Repair Tech Beltsville,Md)   |   | |
Checkrate/Likes
 
2    
I agree that Frigidaire should NOT be allowed to buy GEs Appliance division, FD is already big enough to survive, compete and grow in the major appliance field.
I also believe that Whirlpool should have never been allowed to buy Maytag, but that happened under a repugnant administration where there was no over site at all.
GEs appliance div. needs to go to a smaller company, Alliance could do it but I fear that it would be a major distraction for them. GEs AD could stand on their own just making appliances, it would also be possible for it to become a worker owned company. |
Post# 830576 , Reply# 5   7/3/2015 at 08:58 (3,191 days old) by appnut (TX)   |   | |
Checkrate/Likes
 
1    
|
Post# 830713 , Reply# 7   7/4/2015 at 19:37 (3,190 days old) by appnut (TX)   |   | |
Checkrate/Likes
 
1    
|
Post# 830736 , Reply# 9   7/4/2015 at 23:08 (3,190 days old) by gansky1 (Omaha, The Home of the TV Dinner!)   |   | |
Checkrate/Likes
 
1    
|
Post# 830740 , Reply# 10   7/4/2015 at 23:50 (3,190 days old) by Launderess (Quiet Please, There´s a Lady on Stage)   |   | |
Checkrate/Likes
 
     
By sticking to what they know, commercial and now domestic laundry. As such they have no need nor use for GE appliance division. What would be the good of it?
Again the appliance market is mature and saturated. Even with the scores of brands owned by Whirlpool and Electrolux (via their purchase of WCI and on their own)only a few are any real major players. The rest things are best left unsaid. Competition from first Europe then Asia has killed the American appliance market. Everything from microwaves to toasters, to ranges has either gone mostly to Mexico or is shipped in from Asia. You cannot keep costs down sadly with "made in America" and that seems to be most consumer's chief concern. General Electric up until say the 1970's and perhaps 1980's was really innovative and a key player in the domestic appliance market. Microwaves, dishwashers, laundry appliances to name a few. Then it is as if a switch was flicked, around the 1990's quality began to slip and it was as if they didn't really give a darn. That switch is or was probably the fact GE was growing into a huge multi-national company with diverse product lines which as of now are: Aircraft engines Electrical distribution Electric motors Energy Finance Gas Healthcare Lighting Locomotives Oil Software Water Weapons Wind turbines GE's major subsidiaries are: GE Aviation GE Capital GE Global Research GE Healthcare GE Home & Business Solutions GE Oil & Gas GE Power & Water GE Transportation Am willing to be more persons on a weekly basis travel on airplanes or planes made by or with parts from General Electric. Are treated in healthcare by same and or are affected in a hundred other ways than have GE appliances. CLICK HERE TO GO TO Launderess's LINK |
Post# 830746 , Reply# 11   7/5/2015 at 01:10 (3,190 days old) by Supersuds (Knoxville, Tenn.)   |   | |
Checkrate/Likes
 
1    
One of the reasons GE has given for divesting appliances is that they're tied to the housing market, with much production going into new homes. The housing bust of the last few years has made the economics of the business poor. The cyclical nature of the business would be too dangerous for small company with little capital, like Alliance. It also limits other possible candidates.
When Whirlpool was taking over Maytag, at the time the only other suitor was Chinese, and when that became apparent, Whirlpool looked like the savior. If we could have a do-over, it might have been best if GE had bought Maytag to gain heft in the industry, but that ship has sailed. |
Post# 830752 , Reply# 13   7/5/2015 at 03:00 (3,190 days old) by foraloysius (Leeuwarden, Friesland, the Netherlands)   |   | |
Checkrate/Likes
 
5    
|
Post# 830765 , Reply# 14   7/5/2015 at 06:43 (3,189 days old) by Launderess (Quiet Please, There´s a Lady on Stage)   |   | |
Checkrate/Likes
 
     
Mr. Hake sold his house in Newton and left Maytag shortly after it was acquired by Whirlpool taking about 12 million with him.
But just to show there is some justice in the world.... CLICK HERE TO GO TO Launderess's LINK |