Selling Its Appliances Arm Could Boost Brand Recognition For GE
After a failed deal with Electrolux, General Electric sold its appliances branch to Chinese company Haier for $5.4 billion.By Samantha Crook | January 15, 2016
General Electric is selling its appliances business to Chinese company Haier.
While Louisville, Kentucky, will remain the appliances headquarters, GE hopes the decision will help it globally. (Video via General Electric)