GE Appliances CEO: Business to continue expanding under Haier

"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."
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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."

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