General Electric

Monday the 13th at General Electric: The 125-year-old corporation, among the world’s oldest, announced a massive, aggressive downsizing and restructuring, a reduced dividend, and an in-the-works divestiture of its storied…
General Electric announced that Rafael Santana, president and Chief Executive of GE Latin America, has been named president and CEO of GE Transportation, effective November 1.
Leading locomotive manufacturer General Electric is shifting production of its diesel-electric locomotives from its facility in Erie, Pa., to Texas, and cutting 575 jobs.
A consortium led by General Electric and including Transnet, South Africa, has been named preferred bidder by the government of Nigeria government for a concession to rehabilitate, finance and operate…
This week GE Transportation unveiled the final design for the 700 3.36MW and 300 4.47MW locomotives it is delivering to Indian Railways.
GE on Feb. 13 announced goals of having 20,000 women fill STEM (Science, Technology, Engineering and Math) roles by 2020 and obtaining 50:50 representation in all the company’s technical entry-level…
South Africa's Transnet said Monday, March 2, 2015 it has concluded financing to acquire 1,064 locomotives, estimated to cost $4.3 billion, for its Transnet Freight Rail subsidiary, which were ordered…
According to analyst Eshna Basu of The Motley Fool, “the General Electric-Alstom deal could create the world’s largest rail equipment maker.” Basu’s analysis follows GE’s multi-billion-dollar purchase of Alstom’s power…
General Electric, having given up on its efforts to acquire Ansaldo STS from Italian conglomerate Finmeccanica, is reportedly in negotiations with Alstom over a $13 billion takeover of the French…

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