GE Green-Lights Big Ford Purchase
November 20th, 2012 8:47 AM Share
Earlier in the year, GE bought 12,000 Chevrolet Volts, and the company was promptly accused of “crony capitalism” and of “forcing its employees” into unwanted cars. The subtext was that the GE purchase propped up GM’s Volt sales. Now GE does the same with Ford, but at a smaller scale.
GE will buy 2,000 C-Max Energi plug-in hybrid vehicles for its corporate fleet, Reuters reports. In turn, Ford will market GE’s alternative fuel infrastructure technology, including charging stations and natural gas fueling stations.
GE wants to convert half of its global fleet to alternative fuel vehicles.
Published November 20th, 2012 8:34 AM
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11 of 16 comments
"...the company was promptly accused of “crony capitalism” and of “forcing its employees” into unwanted cars." GE isn't forcing its workers to buy Volts right? GE is buying Volts as fleet vehicles. If workers are affronted by this they can always terminate their employment.
Oh the horrors! My employer bought me a car to provide to me for my work for FREE. It's not an A6? WTF?!? My employer could hand me the keys to a smartfortwo and let me commute for free and I would drive it with a smile on my face.
What's a bit ironic about all of this is that, prior to Jack Welch's gutting of all-divisions-not-profitable-enough (er, anything other than financing, medical diagnostic equipment, and jet engines), GE was one of if not the biggest supplier of EV motors and controllers.
Working at British Steel our company car choices were limited to anything British (am I the only person who had great experiences with a Rover/Sterling 827?) or a Volvo (because Volvo was a big customer of ours). You can't blame a company for effectively investing in their own technology or supporting customers.