On hold for now........
Yes, CEO Jeff Immelt wanted to sell GE's Appliance and Lighting divisions, but in July 2009 with major union concessions, and a struggling economy they decided to reinvest in Appliance Park and keep both divisions. They also recieved many govt. subsidies in order to build a "hybrid" water heater in Kentucky. In 2011 they will also begin to build "smart" washers and dryers in Appliance Park....So for now GE will remain in the Appliance and Lighting business..as for several years from now, who knows.