Does GE Still Make Locomotives?
The G.E. unit is a leading manufacturer of locomotives for freight trains, and it had sales of $4.2 billion in 2017. The combined company, Wabtec and G.E. executives said, will be stronger, have a broader mix of rail operations and become a Fortune 500 corporation.
Did GE sell locomotive business?
GE (GE), an early pioneer of the locomotive industry, agreed on Monday to merge the struggling rail business with rival Wabtech (WAB) in an $11 billion deal. The transaction will raise $2.9 billion for cash-strapped GE, which has promised to sell off various businesses to pay down debt and stabilize its balance sheet.
GE's latest sale: Its 111-year-old rail business
Does General Electric still build locomotives?
It is headquartered in Pittsburgh, Pennsylvania while its main manufacturing facility is located in Erie, Pennsylvania. Locomotives are assembled at the Erie plant, while engine manufacturing takes place in Grove City, Pennsylvania.
GE Transportation - Wikipedia
What is the newest GE locomotive?
The ES40DC, ES44DC, and ES44AC are part of the newest General Electric locomotives known as Evolution Series.
General Electric Locomotives (GE): Models, Photos, History
GE said that it would merge the division with Wabtec Corporation, based in Wilmerding, Pennsylvania, in a deal valued at approximately $11.1 billion.
GE Merges Its Storied Locomotive Business With Wabtec In A ...