MELBOURNE (Friday 1 July 2011): Better Place, GE and Renault Australia today joined together at the Australian International Motor Show (AIMS) with a series of announcements that demonstrate a strategic move to make electric cars a mass market reality for all Australians and help address the nation's sustainable transport challenge.
Sydney, Australia: 27 June 2011 - GE today made a strategic move to make electric vehicles (EVs) in Australia a real choice for all Australians and help address the nation's sustainable transport challenge.
The company has joined EV Engineering Limited (EVE), the consortium of transport services and automotive manufacturing companies working to design and engineer seven 'proof-of-concept' fully-electric, switchable-battery versions of Australia's number one selling passenger vehicle, the Holden Commodore.
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Sydney, Australia - June 23, 2011 -- The Commonwealth of Australia has selected the U.S. Navy's MH-60R Seahawk helicopter powered by GE's T700-401C engines (1,800 shaft-horsepower class) to fulfill the Australian Defence Force's requirement for 24 new generation multi-role naval aircraft.
Value of the deal, including engines, spares and the Total Logistics Support package, is approximately US$100 million. Engine deliveries are expected to start in 2013, with initial helicopter deliveries scheduled for 2014.
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GE adds 22 new products & solutions, bringing total ecomagination portfolio to 110
Ecomagination revenues hit $18 billion for year
Sydney -- Australia, 21 June 2011---GE today released its ecomagination annual report showing it invested about $1.8 billion in 2010 on research and development of clean technologies, which puts it on course to meet its goal of $10 billion cumulative investment between 2010 and 2015.
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Campaign represents increased focus on local market
Sydney -- Australia, 20 June 2011: GE today announced the launch of its first ever national advertising campaign in Australia, "Two Letters". The multi-million dollar national campaign signals a significant shift in GE‟s global strategy and an increased focus on the Australian market, with particular emphasis on healthcare and sustainability.
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Sydney, Australia: GE Capital Australia and New Zealand has today signed an agreement to sell approximately $5 billion dollars in mortgages to Pepper Homeloans, in a sale that marks the final phase of its withdrawal from its home lending business in Australia and New Zealand.
"This transaction aligns with GE Capital's strategy to become Australia and New Zealand's leading specialist financial services provider," said Skander Malcolm, President and CEO, GE Capital Australia & New Zealand.
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Auckland: GE Capital's New Zealand Equipment Finance business has acquired over NZ$100 million of commercial loan assets from Face Finance Limited, a subsidiary of South Canterbury Finance.
The deal consolidates GE Capital's position as a specialist financial service provider and complements its equipment finance offering in the New Zealand market.
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GE announced strong first-quarter 2011 operating earnings of $3.6 billion, up 58%, or $0.33 per share, up 65%, from the first quarter of 2010.
Please click here to read the rest of the press release, in English.
Corporate Communications
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GE announced strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or $0.36 per share, up 33% from the fourth quarter of 2009.
Please click here to read the rest of the press release, in English.