In the more than 80 years since its establishment, General Electric Company has annexed many domestic and foreign enterprises in various ways and seized the shares of many enterprises. In 1939, there were only over 30 domestic factories; in 1947, it increased to 125; in 1976, there were 224 domestic factories in 35 states. Abroad, electrical enterprises in Italy, France, Germany, Belgium, Switzerland, Britain, Spain and other countries have been gradually merged. During the period of 1972, the company's subsidiaries abroad were: 33 in Europe, 24 in Latin America, 3 in Australia and 0 in Africa. By the end of 1976, it had 1 13 manufacturing plants in 24 countries and became a huge multinational company.
General electric company is a large industrial company controlled by Morgan consortium. After decades of operation, it has gained rich harvest, abundant assets and huge scale, ranking ninth among American big companies with 1976 and 1977. According to the statistics of Happiness magazine on May 8 1978, the total assets of American General Electric Company reached13.696 billion US dollars, the total sales reached175438+0.5 billion US dollars, and the net profit this year was10.88 million US dollars. Starting from 1956, the company began to build new factories, produce missiles and provide nuclear weapons to foreign countries. Such as Japan's atomic energy, atomic fuel, naval torpedoes and so on. 1976 cooperated with France to develop turboplanes and engines, which can be equipped with torpedo submarines or launch vehicles. 1973 won the US military order of * * *14.2 billion US dollars, ranking second among major companies.
In 20 15, GE announced that it would reduce its financial business and return to an industrial company with manufacturing as its main business. It is planned to reduce the proportion of financial industry to 10% by 20 18.