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Hotpoint continued as a subsidiary of GEC until 1989, when it was merged into a new division of GEC called General Domestic Appliances (GDA). 50% of GDA was purchased by General Electric (USA), with whom it owned the joint venture. In 1998, the Redring and Xpelair brands also joined GDA, and Hotpoint was categorized as part of GDA Applied Energy.
Haier has the right to use the GE brand name until 2056. [3] GE Appliances is one of the largest appliance companies in the United States and manufactures appliances under several brands, [4] including GE, GE Profile, Café, Monogram, Haier and Hotpoint (Americas only, European rights held by Whirlpool Corporation).
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
Today, the Amana brand is marketed as the economy brand of Whirlpool Corporation, slotting below Whirlpool in the lineup. Its closest competitor in the United States is the Hotpoint brand owned by GE Appliances / Haier .
In January 1970, it was decided to remove the Morphy Richards brand from refrigerators. It was argued that GEC had little interest in Morphy Richards. In the 1970s, BDA was the United Kingdom's largest manufacturer of domestic appliances. BDA changed its name to Hotpoint in 1975, with small domestic appliances marketed under the Morphy Richards ...
In February 2005, Merloni Elettrodomestici was renamed Indesit Company: Indesit is the best known of the Group's brands outside Italy. At the beginning of 2007, Indesit Company launched the group's new brand architecture, Hotpoint, and combined with Ariston to form the Hotpoint-Ariston brand.
Hotpoint Maytag 'Gyrofoam' washing machine, circa 1927 On January 1, 2009, Maytag (under the ownership of the Whirlpool Corp. ) changed the vested lifetime benefits of the Maytag retirees. There is a lawsuit pending in the Southern District Court of Iowa where Whirlpool has asked for permission to change the UAW bargained benefits.
Haier was founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr, entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart.