Midea and Haier. I know they won't do it, but I wish they'd just leave the appliance business alone.
GE Receives appliance bids from Chinese firms
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Drather see the GE appliance division go dead than be sold to those outfits!
firedome
Well-known member
Amen...
the very thought makes me nauseous. The article states that it's likely not to get flagged by regulators due to low US market penetration by Asian manufacturers... have they not heard of LG, Goldstar or Samsung??
the very thought makes me nauseous. The article states that it's likely not to get flagged by regulators due to low US market penetration by Asian manufacturers... have they not heard of LG, Goldstar or Samsung??
iheartmaytag
Well-known member
Well we knew it was going to happen.
Haier was the main suitor for the Maytag purchase before Whirlpool saved it.
I predicted the Chinese or Koreans would be the only ones left interested if the E-lux purchase didn't get by regulators.
Haier was the main suitor for the Maytag purchase before Whirlpool saved it.
I predicted the Chinese or Koreans would be the only ones left interested if the E-lux purchase didn't get by regulators.
gusherb
Well-known member
I feel sick to my stomach
Electrolux or the Chinese are very bad IMO. GE going to the Chinese makes me think of TTI and Hoover. Hoover would be better off a memory at this point then the junk that TTI slaps their name on now.
Electrolux or the Chinese are very bad IMO. GE going to the Chinese makes me think of TTI and Hoover. Hoover would be better off a memory at this point then the junk that TTI slaps their name on now.
GE is/was already sourcing some frontloaders from China's Little Swan company.
Most of the feedback I've heard regarding recent F&P appliances is that the quality has improved since they stopped being built in AU and NZ.
They still use the same designers and engineers and in a lot of times the same components that were assembled in Australia and NZ.
Our 10yo F&P fridge is almost identical to a 2015 model, the only difference being that its had a compressor and refrigerant upgrade which takes it from a 2-4 star energy rating. (Under the scheme our fridge was previously rated under it was 4 stars)
They still use the same designers and engineers and in a lot of times the same components that were assembled in Australia and NZ.
Our 10yo F&P fridge is almost identical to a 2015 model, the only difference being that its had a compressor and refrigerant upgrade which takes it from a 2-4 star energy rating. (Under the scheme our fridge was previously rated under it was 4 stars)
As long as appliance park stays open. The electronics and motors I would think have long been imported. The folks in Kentucky can run the steel thru the presses, paint booths and complete the final assembly. Jobs are so scarce for the "soon to retire age group". I hope some kind of scheme is cobbled together. A
Was only a matter of time. I'm actually surprised it's taken this long, though the Chinese are shrewd enough to bide their time and wait for the fire-sale pricing (Hoover U.S. is a good example of this).
Little Swan Washing Machine Co. is also a subsidiary of Midea Group.
Little Swan Washing Machine Co. is also a subsidiary of Midea Group.
Man, thieves don't break into empty houses, now do they?!
-- Dave
-- Dave
Wall Street Journal thinks its a done deal.
I don't know about fire sale pricing. It looks like Haier is paying more now -- $4 billion -- than they would have paid in 2008. Electrolux was only offering $3.3 billion. GE is also getting $175 million from Electrolux.
Most surprising is that with the acquisition Haier will become No. 2 in the U.S. market, ahead of Electrolux.
I don't know about fire sale pricing. It looks like Haier is paying more now -- $4 billion -- than they would have paid in 2008. Electrolux was only offering $3.3 billion. GE is also getting $175 million from Electrolux.
Most surprising is that with the acquisition Haier will become No. 2 in the U.S. market, ahead of Electrolux.
angus
Well-known member
It's official - saw it on this morning's news. Haier it is...
lordkenmore
Well-known member
Far from unexpected.
Part of me is sad, but a part of also feels like the glory days of GE passed a long time back, anyway, and weren't ever likely to return.
Part of me is sad, but a part of also feels like the glory days of GE passed a long time back, anyway, and weren't ever likely to return.
This is what makes me sad: The United States's admirable desire to pay middle class-sustaining wages and ensure the safety of products, working conditions and the environment was abandoned for Wall Street / stockholders.
Look at China: So many reports of shoddy, unsafe manufactured goods; abysmal, unsafe conditions for workers; horrible pollution of air, ground, and water. And they're considered the winners.
It's not right.
Look at China: So many reports of shoddy, unsafe manufactured goods; abysmal, unsafe conditions for workers; horrible pollution of air, ground, and water. And they're considered the winners.
It's not right.
norgeway
Well-known member
So now
Brown Stove Works is the only old company still owned by the original family...Really sad to think all those good brands are gone, Kelvinator, Westinghouse, Norge, Frigidaire, Now GE and Hotpoint....really sickening, buy think about it, nothing really outstanding has been built since the 70s at the very latest.
Brown Stove Works is the only old company still owned by the original family...Really sad to think all those good brands are gone, Kelvinator, Westinghouse, Norge, Frigidaire, Now GE and Hotpoint....really sickening, buy think about it, nothing really outstanding has been built since the 70s at the very latest.
I hear ya Frig
Problem is Wall street wants huge ROI and dividends and the typical American moron consumer wants things as cheaply as possible.
That being said, it is nearly impossible to pay US wages, benefits, comply with OSHA, EPA regs, workplace rules, workman's comp rules etc and still put out a product or service that is cost competitive with 3rd countries.
Walmart found that out after Sam died; consumers did not care about bring it home to the USA, they cared about how much can they stuff in the cart for the least amount of money. True, WM is attempting to bring back a version of this, stating they want to do 50 billion in US made goods, but the ultimate judge will be the consumer.
Problem is Wall street wants huge ROI and dividends and the typical American moron consumer wants things as cheaply as possible.
That being said, it is nearly impossible to pay US wages, benefits, comply with OSHA, EPA regs, workplace rules, workman's comp rules etc and still put out a product or service that is cost competitive with 3rd countries.
Walmart found that out after Sam died; consumers did not care about bring it home to the USA, they cared about how much can they stuff in the cart for the least amount of money. True, WM is attempting to bring back a version of this, stating they want to do 50 billion in US made goods, but the ultimate judge will be the consumer.
fan-of-fans
Well-known member
That's annoying to hear. But just wanted nothing to do with appliances anymore. I used to think it strange in the 90s seeing commercials for GE Capital, jet engines, medical, etc. I always thought, that's not GE, they make appliances!
I agree the latest stuff from GE doesn't compare to what they did make, but I would rather have a new GE range compared to others. I like the look better, which is subjective, but the coils are closer spaced and still Calrod. They had some other decent stuff too.
I always thought Haier was mostly into small laundry and A/C units. Never really saw full size appliances from them, mostly dorm sized stuff (mini fridges and micros) like you see in Target back to school ads.
I agree the latest stuff from GE doesn't compare to what they did make, but I would rather have a new GE range compared to others. I like the look better, which is subjective, but the coils are closer spaced and still Calrod. They had some other decent stuff too.
I always thought Haier was mostly into small laundry and A/C units. Never really saw full size appliances from them, mostly dorm sized stuff (mini fridges and micros) like you see in Target back to school ads.
Latest news is that Haier will be paying $5.4 billion for the GE appliance business, up from the $4 billion previously mentioned.
