this post was submitted on 17 Nov 2024
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GE no longer makes appliances. It's a licensed out name now.
I figure their star finally fell when they stopped making locomotives. What kind of giant industrial conglomerate does that?! EveN Hitachi, a brand mostly known for marital aids, makes locomotives!
I use a lot of Japanese woodworking tools and hearing Hitachi outside of the context of steel production is always so confusing. They make some of the finest steels in the world, to be forged into unparalleled blades by master craftsmen and they also make "marital aids".
GE, the conglomerate, no longer exists. They sold off most of the divisions and spun off the three remaining into their own business. GE Aerospace is the "corporate successor" but as of 2024, the old General Electric is no more.
Well yeah, their stock cratered in 2008, they recovered a bit, but they had fundamental problems remained and the stock crashed again in 2017 during a market-wide bull run. They had everything to gain, but made tons of terrible choices (they owned NBC and a bank for some reason) and it all came back to haunt them.
The GE that was great last century is no more.