With Electrolux's purchase of GE Appliances, the iconic American brand will now be owned by a foreign company.

General Electric Co. said Friday that it plans to sell or spin off its iconic appliance business, which has provided refrigerators, air conditioners and ovens for millions of U.S. homes.

AB Electrolux of Sweden, the parent company of the U.S. brands Electrolux and Frigidaire, has purchased GE Appliances for $3.3 billion. "The acquisition, which is our largest ever, strengthens our ...

Industrial goods manufacturer General Electric Company GE has recently completed the divesture of its appliance unit to the Chinese multinational.

GE Appliances announced it will invest more than $3 billion over the next five years in its U.S. operations. With its global ...

GE Appliances has announced a nearly half-billion-dollar project that will create 800 jobs and shift production of clothes washers from China to its manufacturing complex in Kentucky.

GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations.