GE sale to Haier complete

[mattl]

Got an update on the sale today -- it is a done deal.

 

 

<blockquote>
"It’s official: GE Appliances, America’s No. 2 white-goods brand, is now a unit of Qingdao Haier, the Chinese manufacturing giant, following the close of the $5.6 billion deal.

What this means for GE, its retail customers and its end users was laid out by the company’s sales general manager Rob Posthauer in the following letter to TWICE:

GE Appliances has become part of the No. 1 major appliances brand in the world.

This is a tremendous opportunity for our business and for our customers. Being part of Haier will open doors to resources and expertise that will enable us to innovate faster, manage our business more efficiently, and serve our customers better.

</blockquote>
We’re proud of our GE heritage and we will take the best of it with us on this journey — with a focus on serving our customers and owners, on developing people, and innovating every day."

 

 

What’s Next For GE Appliances As A Haier Company

It’s official: GE Appliances, America’s No. 2 white-goods brand, is now a unit of Qingdao Haier, the Chinese manufacturing giant, following the close of the $5.6 billion deal. What this means for GE, its retail customers and its end users was laid out by the company’s sales general manager Rob...

www.twice.com

 

[maytagbear]

All I can say is:

I feel so sorry for GE Appliance's non-executive employees.

Lawrence/Maytagbear

 

[iheartmaytag]

I am deeply saddened

Can someone please play TAPS.  

 

I only hope that Haier is looking to expand their mfg capacity in the states and the workers at the appliance park keeps their jobs. 

 

Though the TTI purchase of Hoover was hurtful for the employees, at least they are still supporting the products with parts.  I do hope that Haier continues to support the appliances that are out there.

 

 

[vacerator]

Haier also

owns a NY city building. The young son attends university in Philadelphia.
A new US customer service headquarters is in Evansville Indiana.
So the two combined companies are now larger than AB Electrolux, or Whirlpool?
Eh, there are also nice products from LG, and Samsung. I've yet to see anything high end from the Haier line-up. It seems GE is their high end. They'd be smart to keep it, including the hourly employees. Geely automobiles told Volvo to keep running the company the way they have been.
Let's hope it's a repeat with GE.
I have to say, they gave me excellent service out of warranty when my profile dual fule slide in range caught fire. One of the ignitor switches under the power burner knob shorted out. They did not charge me for a service call, and refunded the parts and labor when they saw a photo of the damage. The bezel around the opening melted. My kitchen smelled of burnt wires and plastic for two days. They have retained me as a GE customer. The newer models have a redesigned knob mounting, without a recessed space under them.

 

[lordkenmore]

If I recall right, a few months ago the talk was that Haier would keep GE factories going in the US. Hopefully, they will...and the impact on jobs will be minimal. Only time will tell.

Past this...it would be nice if GE appliances improved under Haier. It would be nice if "friends don't let friends buy GE" became a thing of the past. We will never see the Filter Flo era again--but having a company that has all products highly competitive with Whirlpool would be nice.

In one way, the sale might encourage me to consider GE appliances (not that I'm likely to buy a new appliance). I've been deeply disturbed by General Electrics ability to apparently do well, and yet pay $0 in taxes. I don't know if this is still current; however, it was as of a few years ago. If I--low income during that period--had to pay taxes, so should a rich corporation. And why should I support such a company?

 

[vacerator]

John,

the bigger picture is that those who GE employs pay taxes. Their appliance division is the smaller of their core businesses now. GE medical is much larger, Jet engine, and nuclear. That's why Appliance Park has been for sale for some time.

 

[washman]

Well

there goes the neighborhood

 

[toploader55]

Very Sad.

Well we have memories.

 

[tinkr]

A 1970 prediction come true

In 1970 my Ex- Father in law predicted that China will own the United States..... WELL... Here we are
40+ years later,,, He was right... they gain momentum every year,
It boggles the mind why a government would allow this to happen on such a large scale.

All about the $$$$ I suppose. taxes taxes taxes...
For all the families employed by GE. We can only hope the jobs stay here..

He was a true American... Texan... only bought Sears Chrysler and Ford products. Nothing from China was allowed in the house.

6'3 a dominating personality. And more than a little scary, I didn't mind if he called me shorty,

 

[turquoisedude]

Well, that's made it official, then.  It will be a cold day in hell before I buy anything new from GE now.  Just a few years ago, I bought a GE dishwasher for a rental property because it had been made in Appliance Park.  

 

[abcomatic]

OH NO! "Where Progress WAS our most important product. I hate to hear this. More Chinese crap to deal with now. Gary

 

[askolover]

"In 1970 my Ex- Father in law predicted that China will own the United States..... WELL... Here we are
40+ years later,,, He was right... they gain momentum every year"

 

maybe Trump can stop all this and turn it around!


(ducks and runs)

 

Or get us into a war with them.  Please God let Hillary win!

 

[vacerator]

I agree

the Donald sounds more nutty than six months ago. I like Sanders, but losing California is detrimental.
Maybe he will be vice president. I like Liz Warren also, but I doubt Hillary will choose her, not that she even wants it now.

 

[mtn1584]

Let me get this straight........

the US govt., had a problem with Electrolux becoming a bigger company in the United States by purchasing General Electric's appliance division, BUT they are Ok with GE becoming a CHINESE company???

Is anyone else shaking their heads at this??? WTF???

Haier makes the cheapest shit on the market!!! I am sure that their cost cutting measures will be incorporated into General Electric's design and production of appliances.

What a shame that the United States govt., stopped the sale of an iconic company to one that would've grown bigger in the USA and that produces a quality product!!! Instead they would rather have a company unload more Chinese crap on the American public.

Disgusted, and will only be purchasing Whirlpool branded products from here on out. Good Bye General Electric, it was a nice 100 years!

Mike

 

[mtn1584]

WRONG PAGE FOR POLITICS FOLKS!

JUST SAYING.

 

[sudsmaster]

It occurs to me the problem the government had with Electrolux buying GE's appliance division is that Electrolux had already gobbled up Frigidaire. I guess when it comes to international mergers you only get to choose one item from each column.

 

 

[firedome]

GE sale to Haier....

a friend, upon learning about the GE sale last winter, decided this Spring to buy a new last-of-the-real-GEs fridge for their summer place, as a nod to his loyalty to GE for well over 50 years. When he belatedly discovered that it was actually Made In China he sent it back and bought a WP! Evidently some GE fridges were NOT made at Appliance Park, even before the sale!

We bought a BOL GE TL washer in February for our son and it WAS indeed made at Appliance Park, but I betcha it has some Chinese parts... like the motor maybe? I've been meaning to look.

I too will be a WP buyer henceforth, as the last large US major appliance maker, or Speed Queen, which is not a large concern.

 

[vacerator]

China?

Mexico is where most are built, including Whirlpools. Only the high end models went back to Kentucky.

 

[gansky1]

Whether we like it or not, it's a global marketplace now.  Electrolux A.B. (Sweden - not a U.S. company either)  was faced with a seemingly insurmountable hurdle to overcome because of GE brand's cooking products market in the U.S.  Consolidating GE into what market Electrolux already has here would have created too narrow of a market thereby taking away competitiveness.   WP faced a similar challenge with their takeover of Maytag in '06 which led to the restructuring of the KitchenAid brand that would no longer offer laundry products.

 

WP, GE, Electrolux, et al,  source parts and labor from all over the world.  Almost no small motors are made in this country anymore as well as electronic boards, plastic parts, etc.  GE sourced their front load washers directly from Little Swan in China.  Their "Right Height" washers and dryers were assembled in KY, but you can bet the farm that many parts were shipped straight from China and still are.  Little Swan Co. was bought out by Midea, another appliance giant in China a couple of years ago so once those supply contracts are settled, Haier will most likely be doing some changing to the GE lineup.