GE announced that it has sold its remaining 15.5% equity stake in Penske Truck Leasing to Penske Automotive Group, Inc. (PAG) and MBK USA Commercial Vehicles, Inc. (MBK), a subsidiary of Mitsui & Co., Ltd. Total proceeds are approximately $674 million — with PAG buying approximately 35% of the stake and MBK buying 65% of […]
According to GE researchers, a potential “fountain of youth” for metal could exist through the use of a process called “cold spray,” in which metal powders are sprayed at high velocities to build a part or add material to repair an existing part. Cold spray is part of GE’s expanded additive manufacturing toolkit. Click […]
GE [NYSE: GE] has announced first-quarter 2013 operating earnings of $4.1 billion, or $0.39 per share, up 14% and 15% respectively from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, or $0.35 per share, up 13% and 17% respectively. Gains from the sale of GE’s remaining stake in NBCUniversal were […]
Researchers at GE Global Research, the General Electric Company’s (NYSE: GE) technology development arm, have achieved a first step in reducing the cost of clean fuel, zero emission buses, with a vehicle powered by GE’s new Durathon™ battery in tandem with a lithium battery and a hydrogen fuel cell. This promising development of a new […]
GE and Clean Energy Fuels have announced a collaboration to expand the infrastructure for natural gas transportation in the United States. The agreement supports Clean Energy’s efforts in developing “America’s Natural Gas Highway®,” a fueling network that will enable trucks to operate on Liquefied Natural Gas (LNG) coast to coast and border to border. […]
