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GE at a Glance - Our structure
Long Cycle Businesses
Long-cycle businesses contributed approximately 40% of GE’s net earnings in 2001.  These businesses are focused on global infrastructure, and hold strong leadership positions in both technology and services.
GE Power Systems
GE Medical Systems
GE Aircraft Engines
GE Transportation Systems
Short Cycle Businesses
Short-cycle businesses contributed approximately 20% of GE’s net earnings in 2001.  They are focused on the more economically sensitive consumer and industrial markets.  GE is a leader in each of these markets.
GE Appliances
GE Lighting
GE Plastics
GE Industrial Systems
GE Specialty Materials
Financial Services Businesses
Financial services businesses contributed approximately 40% of GE's net earnings in 2001.  GE has a leading presence in five major segments:  consumer services, mid-market financing, specialized financing, equipment management and specialty insurance. Highlighted here are some of the businesses in these segments.
Consumer Services
GE Financial Assurance
Global Consumer Finance
Card Services
Mid-Market Financing
Vendor Financial Services
Commercial Equipment Financing
Commercial Finance
Specialized Financing
Structured Finance Group
Real Estate
Equipment Management
Transport International Pool
Penske Truck Leasing
Fleet Services
Modular Space
Aviation Services
Specialty Insurance
Employers Reinsurance Corporation
Mortgage Insurance
Long-Cycle Businesses

GE Power Systems is the global leader in the design, manufacture and service of gas, steam and hydroelectric turbines and generators for power production, pipeline and industrial applications. It has manufacturing sites and subsidiaries around the globe to serve customers in nearly 120 countries. Power Systems provides innovative energy management solutions and portable power plants to help customers meet demand during peak periods.

GE Medical Systems is the world’s leader in medical technology and services, with Six Sigma-designed high-tech products that include digital mammography, cardiac imaging, CT, MRI, IT solutions, ultrasound and nuclear medicine. Half of its products are designed in India, China, Mexico, Israel and Hungary. More than 8,000 systems have been installed with Internet connectivity, allowing critical diagnostic data to be transferred online.

GE Aircraft Engines is the leading producer of jet engines for commercial and military aircraft and for marine and industrial applications. In 2001, GE and CFM International, its 50 / 50 joint company with Snecma of France, led the world in commercial jet engine orders. Aircraft Engines provides engine maintenance support through the global network of GE Engine Services.

GE Transportation Systems is one of the world’s leading suppliers to the railroad, transit and mining industries. It provides freight and passenger locomotives, motorized drive systems for mining trucks and drills, diesel engines for marine and stationary markets, electrical propulsion and control systems for rapid transit cars, railway signaling and communications systems, and information technology solutions.

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Short-Cycle Businesses

GE Appliances is one of the most popular manufacturers of major appliances in the world. An industry innovator, GE makes the Triton™ XL, America’s most energy-efficient dishwashers, and a wide range of home appliances. Fifty-two of its new products qualify for DOE Energy Star® status, including the Triton XL and many new refrigerator models.

GE Lighting is a leading supplier of lighting products for global consumer, commercial, industrial and automotive markets. Products include incandescent, fluorescent, high-intensity discharge and halogen, along with portable lighting fixtures, ballasts, lamp components and LEDs. GE also manufactures outdoor lighting fixtures, residential wiring devices and commercial lighting controls.

GE Plastics is the world’s leading producer of engineering thermoplastics. It has major production facilities throughout the United States, Europe and Asia. GE Plastics materials, including Lexan® poly-carbonate, are used in a wide array of products that require unique combinations of strength, design and durability, including: CDs, automobile parts, computer housings, housewares, medical equipment, cell phones, bullet-resistant shielding and building materials.

GE Industrial Systems is an international leader in products used to distribute, protect, monitor, transform, convert and control low- and medium-voltage power, and in state-of-the-art process automation and comprehensive production system solutions. It provides leading-edge technology, process and application engineering knowledge and post-sales service.

GE Specialty Materials is a new, globally oriented growth platform offering a wide range of products, including fused quartz, organo-phosphites, polymer additives, silicones and industrial diamonds. GESM uses technological innovation and Six Sigma to serve customers in markets as diverse as automotive, cosmetics, semiconductors, oil drilling and telecommunications.

NBC, America’s first broadcast network, has evolved into a diverse, international media company. In the U.S., NBC has consistently been the No. 1 network in the key demographic category of adults 18-49, driven by hits like ER, Friends and The West Wing. In news programming, NBC is the leader across the board, with programs like Today, Meet the Press and NBC Nightly News with Tom Brokaw. As America’s Olympics network, NBC has the exclusive rights to all of the Olympic Games through 2008. NBC owns and operates 13 stations. CNBC is a leading business-news cable network, which reaches nearly 200 million households worldwide. In partnership with Microsoft, NBC operates MSNBC, which reaches more than 70 million U.S. households.

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Financial Services Businesses

Consumer Services
GE Financial Assurance is a leading provider of consumer insurance and investments to 25 million clients in North America, Europe and Japan. GEFA offers life insurance, annuities, long-term care coverage, mutual funds, retirement investment plans, employee benefits, income protection packages and auto coverage. Products are offered through multiple distribution channels and are supported with educational tools.

Global Consumer Finance is a nine-year-old business that delivers credit and insurance products and services in 33 countries worldwide. It provides private-label credit cards and services to the world’s leading retailers, auto dealers and manufacturers. Retail partners include Tesco, The Home Depot, Metro, Dell Computer and WalMart.

Card Services is a leading provider of private-label credit card servicing and inventory financing. It is one of the founding GE Capital businesses, dating from a business designed to help finance the purchase of GE appliances during the Great Depression. Card Services offers customized private-label credit card solutions designed to attract and retain customers for retailers such as JCPenney, ExxonMobil, WalMart, The Home Depot, Sam’s Club, Macy’s and Lowe’s.

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Mid-Market Financing
Vendor Financial Services is a financing partner for nearly 100 manufacturers and 4,500 dealers / distributors, enabling them to offer financing options to their customers. With nearly $20 billion in served assets, VFS helps its partners focus on their core businesses and improve sales by providing flexible financial solutions and services.

Commercial Equipment Financing provides large and small companies with innovative financial solutions in such areas as construction equipment, corporate aircraft, medical equipment, trucks and trailers. It also furnishes customers with direct-source, tax-exempt finance programs as well as lease and sale / leaseback offerings.

Commercial Finance is a leading global provider of innovative financing, primarily for leveraged companies. It provides acquisition financing, lines of credit, term debt, asset securitization, trade finance, factoring, and preferred and common equity. Specialized groups serve the media, communications and technology industries, as well as companies undergoing financial restructuring.

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Specialized Financing
Structured Finance Group creates value-added financial solutions in the form of major equity, debt and structured finance investments, including partnership, lease and tax-advantaged products. SFG’s industry-focused units include GE Capital Global Energy, Telecom, Transportation, Industrial, Distressed Investments, Technology Finance, EMX (entertainment and media-related) and GE Capital Financial Sponsors.

Real Estate is one of the world’s leading providers of capital and services to the global commercial real estate market, providing debt and equity for real estate operators, developers, REITs and opportunity funds to allow them to meet their acquisition, refinancing and renovation needs. The business, with a portfolio of more than $24 billion, focuses on apartment buildings, industrial properties, multi-family housing, retail and offices.

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Equipment Management
Transport International Pool (TIP) is a leading provider of over-the-road commercial trailers and storage equipment. With more than 40 years’ experience in the renting, leasing and selling of trailers, TIP’s mission is to provide customers with products and services that help them increase productivity and lower operating costs.

Penske Truck Leasing provides full-service leasing, logistics, contract maintenance, and commercial and consumer truck rentals. The company operates approximately 206,000 trucks in the United States, Canada, Mexico, Brazil and Europe. Committed to Six Sigma quality, Penske uses its technology, engineering and operational expertise to provide world-class solutions – from maintaining customer trucks to complete supply-chain management.

Fleet Services is one of the leading fleet management companies in the world, with more than $10 billion in assets and 1.2 million cars and light trucks under lease and service management. The business, via Web applications and other unique channels, delivers productivity solutions that drive commercial vehicle cost savings to company fleets of all sizes. Fleet operates in the United States, Canada, Mexico, Europe, Japan, Australia and New Zealand.

Modular Space is one of the world’s largest suppliers of mobile and modular space solutions, with 125,000 temporary buildings now in service with businesses, schools and government agencies in the United States, Canada, Mexico and Europe. The buildings are provided with flexible customized financing, turnkey services and dedicated local sales staff.

Aviation Services is the world’s most experienced aircraft leasing company, serving 200 customers in more than 60 countries. It currently services a fleet of nearly 1,300 owned and managed aircraft worldwide, with additional planes on order from Boeing, Airbus, Bombardier, Embraer and Fairchild-Dornier. GECAS provides airlines with a full range of fleet and financing solutions, including operating leases, sale / leasebacks, aircraft trading, finance leases, fleet planning and advisory services.

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Specialty Insurance
Employers Reinsurance Corporation helps its clients – companies, hospitals or even individual physicians and attorneys – manage risk through innovative solutions in property and casualty reinsurance, life and health reinsurance, and commercial insurance. It is backed by more than $45 billion in assets.

Mortgage Insurance helps families become homeowners by smoothing the way for customers to obtain low-down-payment mortgages while protecting lenders and investors against the risks of default. It enables more than a quarter million families per year to obtain low-down-payment mortgages and now has a no- down-payment product as well.

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