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GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016.
General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. The company had several divisions, including aerospace, energy, healthcare, and finance.
In the 1950s, Mabe began manufacturing various appliances such as gas ranges and refrigerators. In 1986, Mabe entered into a joint venture with General Electric to produce appliances for the US market where GE received a 48% minority stake.
GE Appliances has launched a new product, creating the "first" of its kind. The new Spanish-Language washer, dryer is now available in stores.
He was Chairman and CEO of General Electric (GE) between 1981 and 2001. When Welch retired from GE, he received a severance payment of $417 million, the largest such payment in business history up to that point. In 2006, Welch's net worth was estimated at $720 million.
Haier Group Corporation (/ ˈ h aɪ. ər /) is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, dryers, microwave ovens, mobile phones, computers, and televisions.