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To: rintintin

GE products are horrible.


18 posted on 10/30/2018 9:44:01 AM PDT by EnglishOnly (Fight all out to win OR get out now. .)
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To: EnglishOnly

The smaller consumer stuff, with exception of some larger appliances, are just licensed to allow the manufacturer to use the GE brand.

The big money is in the larger hardware they do: med devices like MRI/CT, Jet engines, power generators, etc. They actually make most of their money off the servicing of the product and not the actual product itself. They’ll sell the product at a small profit, or even a minor loss; if they can lock in a long term contract for service. At least that is what they were doing when I was there.

They also used to make money off financing the purchases through the GE finance arm, but I don’t know if they get involved with that anymore after 2007/8. When I left I always felt there was some fishy stuff behind the scenes that the average Joe engineer was never going to be allowed to know.

I just hope the minor pension I have with them survives through whatever is coming...but my luck is that it won’t.


33 posted on 10/30/2018 4:43:54 PM PDT by reed13k
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