GE
- Members
General Electric Company (GE) is an American multinational conglomerate incorporated in New York State and headquartered in Boston. Until 2021, the company operated in sectors including aviation, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments.
Activities
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SmartShuttle | |
| Our second autonomous vehicle pilot will build upon the “lessons learned” from our GCTC 2015 “First Mile/Last Mile” study (GCTC Action Cluster SMOOTH). The City of Columbus was recently named one of the seven finalists in the US Department of Transportation Smart City Challenge. Our GCTC 2016 project will, therefore, concentrate on a scalable and replicable low speed automated shuttle solution for use in the Smart City of Columbus. This automated shuttle solution will use a small (two-seater) electric driverless vehicle with a scalable and replicable software, hardware control and decision making architecture. The eventual aim of the project is pilot deployment in an urban driving environment with low speed vehicles and intersections at/near the outdoor shopping area of Easton Town Center in Columbus. The scalable and replicable approach will enable the easy adaptation of the same system to other parts of the City of Columbus and to other similar pilot deployment sites in other cities in the US. | ||
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Einride arrived in the United States | |
| Einride arrived in the United States via New York, entering the most competitive freight market in the world with new products, a promise of new jobs, and a bold vision for the future of transportation.
"If you're afraid of competition, you're afraid of winning. That's why we threw down our gloves and entered the U.S. market,” said Robert Falck, founder and CEO. | ||
Details
In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize.
On November 9, 2021, the company announced it would divide into three public companies. The new companies will be focused on aviation, healthcare, and energy (renewable energy, power and digital) respectively. The first spinoff of the healthcare division is planned for 2023 and to be followed by the spinoff of the energy division in 2024.