GE Wants to Retain Control of Transportation Division

General Electric wants to maintain some form of control of its GE Transportation division, either by making it a separate public company or merging it with another company controlled by GE shareholders.

The Wall Street Journal quoted unnamed sources as saying that GE views its transportation unit as a model for restructuring other divisions.

GE had been looking to sell its transportation division in the face of pressure from some investors to break up GE in the wake of years of declining profits. There also have been concerns expressed about questionable accounting practices.

GE Transportation has a locomotive assembly plant in Lawrence Park, Pennsylvania, (Erie) that is winding down the production of new locomotives and transitioning to an as yet unspecified new role.

It also has two engine plants in Grove City, Pennsylvania, one that build engines and another that refurbishes them.

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