Last June, General Electric sold its century-old appliances business to Chinese manufacturer Quingdao Haier Co. Ltd. for $5.4 billion. GE Appliance’s headquarters will remain in Louisville, KY, and the agreement calls for the business to continue to market the current portfolio of GE brands for at least 40 years.
General Electric Co. is the world’s largest builder of diesel-electric locomotives. Its products are used by numerous railroads to haul freight and passengers. Thousands of GE machines are in operation every day throughout the world.
General Electric Co. is a leading supplier of jet and turboprop engines, avionics, and electrical power and mechanical systems. Its products are used in a wide variety of commercial, military, business and general aviation aircraft.
DAYTON, OH—The nonprofit National Aviation Heritage Alliance (NAHA)—in cooperation with the state of Ohio, the city of Dayton and the National Park Service, among others—is hoping to raise approximately $4 million by the end of this year to save the Wright brothers’ original assembly plant here.
PETROLIA, CA—Victor Scheinman, the Stanford engineering professor whose electrically powered, computer-controlled robot would become the Programmable Universal Machine for Assembly (PUMA) robot, has died at age 73.