GE’s underlying Organizations in Strong Position, says CEO Jeff Immelt

April 18, 2015 1:28 PM

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GE’s underlying Organizations in Strong Position, says CEO Jeff Immelt

General Electric faced a $13 billion loss in the initial quarter as it begins the process of selling of GE Capital. But CEO Jeff Immelt said on Friday that despite that fact, the position of the industrial organization remains strong and ready for development.

“In between investigation and improvement, investment in plant gear and info technologies, and the prospective for industrial (acquisitions), we'll invest $10 billion to $15 billion each and every year in our industrial growth”, stated Immelt.

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