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Both are underperforming the stock market in one case badly.
General electric vs general motors. General motors has finally revealed details of its ambitious plan to conquer the electric vehicle market including a massive 200 0 kwh battery for its gmc hummer. Both are titans of the manufacturing industry. General electric ge has been manufacturing motors and generators for over 125 years. General electric has been in the news the last few years but normally not for good reasons.
Ceo larry culp s letter to shareholders details how ge is improving its financial position and strengthening its businesses. General electric company ge is an american multinational conglomerate incorporated in new york city and headquartered in boston as of 2018 the company operates through the following segments. Ge s power solutions are known worldwide and they continue to offer innovative and creative results for the 21st century. Both are household names.
General motors nyse gm has made headlines lately as well but again not for great reasons. They developed some of the first commercial and industrial electrical applications. Aviation healthcare power renewable energy digital industry additive manufacturing and venture capital and finance. Gm has made headlines lately as well but again not for great reasons.
General electric and general motors that is. In what appears to be a direct assault on electric car leader tesla general motors announced it has created a new electric vehicle battery that offers up to 400 miles of range and will be far. In 2019 ge ranked among the fortune 500 as the 21st largest firm in the united.
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