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GE Appliances CEO: Business to continue expanding under Haier

GE Appliance CEO expects to benefit from Haier’s scale, Haier’s decision to keep management intact, and the expectation that Haier will allow GE to keep investing about 4 percent of its annual sales on things like research and development,

“LOUISVILLE, Ky. (WDRB) – The leader of General Electric’s Louisville-based appliance division said the business should continue to thrive with little disruption under the ownership of the Haier Group of China, a global “appliance powerhouse” with $33 billion in annual sales.”

Read More at Wdrb