haier

GE Appliances to Invest $3B in US Operations

Haier-owned GE Appliances said Aug. 13 that it plans to invest more than US$3 billion over five years in its U.S. operations and workforce following the Trump administration's tariff policies aimed at boosting domestic manufacturing, Reuters reported. GE Appliances said the investment is aimed at expanding the company's air conditioning and water heating portfolio, increasing production output and modernizing its 11 U.S. manufacturing plants with new automation and capital equipment, the ... [+]