Which country is going to get their gas turbine business? Like the ones they use in combined cycle plants?
GE is going the way of government motors.
They want to be an investment firm that makes things on the side.
Their GETS division has gone completely to hell over the last year. Word is they’re looking to unload it, because the shareholders say it isn’t profitable enough.
GETS (GE tranportation systems) is the last domestic manufacturer of diesel electric locomotives in the US, and that’s using the term loosely.
At least 3/4 of the parts for their latest locomotives are sourced from china.
The reliability of their latest product is horrible.
At least 3/4 of the parts for their latest locomotives are sourced from china.
The reliability of their latest product is horrible.
I still keep in touch with mechanical department old friends, and none of them really like GE locomotives, but they don't get to pick-and-choose what power they work with. A good friend of mine who was an MIC said that they were bulky but tinny... disposable tools that were pains in the butt to do heavy maintenance on. The crews would rave about them when they were brand new, though, and EMD (then still part of GM) could not take on GE and win in the credit battle. Back in the '90's an assistant VP-Mechanical told me flat out that the reason they were buying GE locomotives were GE Capital, GE Capital and GE Capital.