"G.E. We bring good things from China?"

Real Estate Agent with Belltree LLC

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1/15/16. John Brassner, REALTOR, Las Vegas.

There is big news for homeowners remodeling in the future. Soon your General Electric Appliances may come from a Chinese Company. Qingdao Haier, more commonly known by the brand name "Haier," has agreed to buy GE's appliance division. The purchase is subject to regulatory approval. The deal is worth $5.4 Billion which is just under 1X of GE's 2014 revenue.

Haier has agreed to keep the GE headquarters in Louisville, KY allaying fears of layoffs. It is presumed that Haier can give the GE appliance moniker increased distribution outside of the Americas.

GE will focus on higher-technology industrial products.

Posted by
John A. Brassner | MBA
Broker-Salesperson, REALTOR
Cell:     702-808-9816
E-mail: john@john4realty.com
Web:   www.HouseOfVegas.com
Savvy Home Realty Solutions
6525 W. Warm Springs Rd, #100
Las Vegas, NV 89118

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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

John Brassner Another sad day for our industrial complex. GE stepped away from manufacturing decades ago when they began making more profit in their financial services division. Buy American!

Jan 15, 2016 07:45 PM #1
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John Brassner

Broker-Owner, MBA, Las Vegas Homes for Sale
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