Pankaj2. General Electric – Appliances Division
Headquarters: Boston, Mass.
Bought By: Haier
Headquarters: Qingdao, China
General Electric may have started out as a relatively small brand when it was founded in 1892, but the company has grown exponentially since then. Now, GE has its fingers in a lot of pies, from aviation and healthcare to power and venture capital. It’s a titan.
Many Americans find the brand appealing because it has a “Made in America” stamp on its products, however, the appliances wing of the company has been owned by Chinese company Haier since 2016. Haier bought GE appliances for $5.4 billion, a recording breaking sum at that time. The products are still made in the USA, but the decisions are made in China.