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This really bothers me.. Whats going to happen to appliance park?

We use(d) GE Money (Capital Retail Bank) for our card processing and customer financing. Walmart uses them and so does Amazon... They have a lot of big customers, and they split into Synchrony Bank?

Is GE just wanting to do Jet Engines and Power Generation now?

Its scary to think of Electrolux at the helm of appliance park... Look at what they did with Wascomat, Beam and Frigidaire... They are trying to become something they aren't capable of controlling... We stopped selling Eureka/Sanitaire products when Electrolux got those brands because they became poorly managed and they got in bed with Walmart.
 
I think we'll be seeing a lot of sales to overseas/multinational interests in the coming years. Our private business sector is being literally disassembled, and our federal government is doing absolutely nothing to stop it.
 
I think

the root cause is not our government. I think its a 'scale-switch' in thinking that has led to poor long term business decisions. Peter Dreyfuss outlined all of this back in the mid 1950's.

 This "scale switch" as I call it is blinding many large corporations. The profits are so huge in certain sectors it has blinded them all to some very basic sound business.

 

GE has reached a scale where their vision is clouded by I think two things : One the Company is so huge now that the decision class is many levels above the generation mechanisms of the bottom line. Once that happens the decisions are now out of step with the actual profit making of the company. This has happened.

Also their other global divisions are so profitable that the profit their appliance division makes no longer appeals to the bean counters. 

Those are two very bad long term decisions - any business that turns away a profitable venture is weakening its place in the markets. That is a BAD business decision. 
All profitable ventures should be kept! -  just like a farmer keeps the seed corn even if he had a poor yield one year- if you sell the seed corn you are no longer available for the good harvest years and will deplete your reserves.

Its kind of like the economic difference between our English brethren and US.  In the UK traditionally if  you asked the "wealth" of a person you got quoted a rate! He or She is worth 2,000£/ week.

In the US if you ask the wealth of a person you get a fixed amount - He or She is worth $12 million dollars.

I like the European answer better because anyone's expenditures are always a rate for their entire lives and the best way to deal with a rate is another rate never a set amount. Because like water wearing down rock, the never ending rate of expenditure will eventually overtake any set amount of money, and then it will be gone.

That's why over here High End investment accountants have created a number for our wealthy, its called the "burn rate" - how fast their client is burning through their money. You could not apply a burn rate to  a rate of income. You could compare the pace.

 

Basically it all means GE wants to work less and make more - never a good idea in a changing world. That's a "retirement" decision.

 

And as far as I can see backwards and forwards in history the world is ever changing - just like the Yi Ching has always taught.

To keep up one needs to flow with the change.

Turning away from change is rejecting the world.

 
 
I think it is just another indication that the North American market is "mature". That's the word that is used.

I take mature to mean that more money can be made in other areas because in the USA everyone has appliances, or at least ones that they like enough so that they don't run right out and buy the next new thing....so less money for the manufacturer.. and this trend shows no sign of letting up.

 

Manufacturers are faced with a choice; continue to make items that bring in less money but still cost them to make, or concentrate in areas that make them more money than they have to expend to create the product.

 

Given this choice they are going to get out of the weak area of business OR they will eventually be OUT of ANY business.  A side line to this is that the employees in the USA are out of a job, or faced with jobs that pay less, but employers don't care about that, because their business is to stay in business for their investors regardless of where that business may be.  This may be a bit different if the company is privately or family owned, but if it is publicly traded on the stock market, so that I can own shares,  this is the way it will be going forward.

 

Our government is not going to do anything about this, nor are they able to.  Our government is based on the free market.  Any apparent government control like the Affordable Care Act and you will immediately here the phrases "socialism" and "we are not Europe".   If they slap controls on a business that business is simply going to leave the country altogether because more money can be made elsewhere.

 

So I think that's where we are.

 

I don't know much about Electrolux except for Kelly Rippca's commercial where she is  flitting from one appliance to another around a kitchen and using her shoes to do something.  So what is the philosophy of Electrolux, and are it's design, implementations, and build quality any good? 

 

 

 

 

 

 

 

 
 
Big News?! BIG DEAL!!!!

Like ELECTRO-SUX doesn't own enough of our $#*! 

 

Sooner or later, all those brands under its umbrella (Whirlpool, AND Frigidaire and now their long-time competitor, the one-time giant of the electric, electronics and appliance industry: GE?!) may find some sort of way to regain their independence and once-respective, dominant stature!

 

Well, otherwise, we're going to be back to EVERYTHING under ONE BRAND, now that SOMEONE cornered the market, until someone over-comes all the red-tape, governing and prohibitions and comes up with something new...

 

 

 

-- Dave
 
To me, Electrolux branded products are nothing more than glorified Frigidaire products and I don't perceive the quality to be all that great overall.  My fantasy dream would be E-Lux start producing and keep producing GE products an d position the products as their premium brand.  I just perceive GE products as being beter quality than even Electrolux.  GE Profile and GE Café have some nice products and features.  And GE Café was trying to come out with some color options you culd buy for certain appliances. 
 
A danger for stock-owned companies is that the focus is always on quarterly profits and how to keep them growing. At least in the US that has meant that companies always have a short focus. As an employee, your bonus and your promotion or demotion is based on whether or not you meet the next quarter's profit growth.

If your company fails to meet its numbers, the stock market will punish you, and analysts and so-called "activist stockholders" will be screaming for your head.

Things like long-term growth, or stability, or diversification, are irrelevant.
 
Umm, a GE Profile FL in 2000 WAS an Electrolux. I own the Frigidaire-badged version of the same zack thing. And WCI assembled/distributed all of them for the US.

How many times do we have to repeat 'brand names mean absolutely nothing'?
 

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