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In 1986, Mabe entered into a joint venture with General Electric to produce appliances for the US market where GE received a 48% minority stake. By the mid-1990s, more than two-thirds of all gas ranges and refrigerators imported into the United States were designed and manufactured by Mabe, and 95% of those sold under the General Electric ...
Following the proposed sale of GE Appliances to Electrolux in September 2014, [2] GE Appliances & Lighting ceased to exist. As of October 1, 2015, this transaction has not closed due to US antitrust action. Eventually GE Appliances was sold to Haier in June 2016.
In January 2004, it became part of GE Consumer & Industrial when GE Consumer Products (founded in 1905) merged with GE Industrial Systems (founded in 1930) to form GE Consumer & Industrial. From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions.
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GE's wide footprint essentially locks in business. The company generates roughly 70% of its annual revenue from parts and services, including maintenance and repairs to its fleet.
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