General Electric and Westinghouse Electric's Guilty Pleasure: ***Same Cost Manuals

General Electric and Westinghouse Electric used the ***Same Cost Manual with the intent to ***WIN*** SAVE !!!!!!!!!!! According to the U.S. Department of Justice's allegations, the two companies eliminated competition by consciously adopting and publicizing the same pricing strategy between 1963 and 1964. Turbine engines are generally customized to the customer's specifications, so there is inevitable variability, but the two companies published a ***same manual covering: the prices of all the parts that might be used in the manufacture of the engine; how to use those part prices to calculate the relevant engine price; exhaustive examples of the use of the methodology described above; and the specification of price multipliers such that any actual change in price are only changes in the multiplier values, the component prices are constant. General Electric Company was founded in 1892 by the merger of Edison General Electric Company and Thomson Houston Electric Company. The company succeeded in competition by virtue of its financial strength (backed by Morgan Bank) and research and development capabilities (the company's earliest research laboratory was established in 1900).In the 1920s, GE had joint ventures with Westinghouse Electric Corporation, American Telephone and Telegraph Company, and Radio Corporation of America (RCA).In 1956, GE had intervened in the In 1956, GE got involved in the computer industry, but sold its computer business to Honeywell in 1970 because it was not profitable. By 1980, the company had revenues of $25 billion from the sale of plastics, residential appliances, nuclear reactors and jet engines. During the 1980s, General Electric's strategy was to retain only those businesses that had the capacity to be among the best in the world market. To do this, the company took a variety of measures, including closing plants, selling assets, and laying off employees.Between 1980 and 1989, the company sold businesses equal to 25 percent of 1980 sales to focus on medical equipment, credit services, and high-performance plastics and ceramics.It bought Staff Reinsurance Company in 1984, merged with Radio Corporation of America in 1986, and bought into Kidde in 1990. Corporation in 1990, and bought into the Kidder Peabody investment banking firm in 1990.GE entered Eastern Europe in 1990, acquiring most of the equity in the Tuslam Lighting Company in Hungary.In 1991, the company purchased the equity in Thorne Lighting Source in the U.K. In 1994 GE's holding company in China, GE China Ltd. was formally established as an investor in GE's operations in the country. . In power plants, power generation equipment, household appliances, electric motors, aircraft engine services, financial services and other business areas GE is carrying out joint ventures and cooperation with the Chinese side.

Business Scope GE is a diversified multinational company. Lighting, transportation tools, power transmission and medical equipment are GE's traditional businesses that continue to this day. The 12 major areas it is involved in are: aero-engine manufacturing, radio and television (NBC), power distribution equipment manufacturing, motors and industrial systems, financial services, power systems, information services, lighting engineering, locomotive manufacturing, home appliance manufacturing, medical equipment systems and plastics engineering.

Major Products GE's products and services range from small household appliances to aircraft engines, and from personal finance to aircraft financing. The company's main products within the aerospace sector include the GE90 engine (used in the Boeing 777 airplane), the CF6 series of engines (used in the Airbus A300/A330 and the Boeing 767 and 747), the international cooperation CFM56 series of engines, the F414 engine, the F110 engine, the T700 helicopter engine, and the CF34 small commercial engine, among others.

Organization GE is a publicly traded company, the board of directors is the company's decision-making body, under the Office of Senior Executive Officers, composed of the Chief Executive Officer, each senior executive vice president, Chief Financial Officer, Chief Information Officer, Human Resources Manager, Manager of Business Development, Manager of Global Research, Manager of Consulting and Secretarial Department. The three types of business units under the Office of the Chief Executive Officer include: Long-cycle businesses: including the Aircraft Engines Group, Medical Device Systems Group, Power Systems Group, and Transportation Systems Group. Short-cycle businesses: including the Home Appliances Group, the Industrial Systems Group, the National Broadcasting Company (NBC), the Plastics Group, and the Specialty Materials Group. Financial businesses: include Commercial Financial Services, Consumer Financial Services, Facilities Management (primarily finance leasing) and Insurance.

GE Aircraft Engines Group

GE Aircraft Engines Group

Correspondence: c/o Cincinnati (1 Neumann Way, Cincinnati, OH 45215 6301, U.S.A.)

Telephone: (1-513) 243-2000

Telephone.

Fax: (1-513) 786-1568

Website:

Head: David L. Calhoun, President and Chief Executive Officer

Overview: The Aircraft Engines Group is engaged in the design, manufacture, sale and service of gas turbine engines for use in military and civil aircraft, ships and other industrial applications. The Group's products are used in military aircraft, civil aircraft, marine vessels and other industrial applications. The group produces 37 types of engines used in 91 aircraft systems, 42 ships and other industrial systems. The group has nine divisions, namely, Products and Procurement, Civil Engines, Engine Services, Marine and Industrial Engines, Business Planning and Market Development, Military Engines, Engineering, Finance and Information Systems and Business Development, Legal Affairs, and Human Resources. The group*** employs 26,000 people, generated sales of US$11.4 billion in 2001 and has engine service organizations in 40 different locations around the world. The group is organized under the following business units: Products and Procurement, Military Engines Division, Civil Engines Division, Marine and Industrial Engines Division, Engine Services Division, and Business Planning and Market Development Division.

(1) The Commercial Engine Operation is located in Cincinnati, Oklahoma, and its main products include CF6, CFM56 and GE90 engines for large civil transport aircraft, and CF34 and CFE738 for business jets and regional jets.

(2) The Military Engine Operation is located in Cincinnati, Oklahoma, and its main products include CF6, CFM56 and GE90 engines for large civil transport aircraft, and CF34 and CFE738 for business jets and regional jets.

(2) The Military Engine Operation is located in Cincinnati, Oklahoma. The Military Engine Operation, located in Cincinnati, Oklahoma and Lane, Massachusetts, produces the F108 (for the KC-135R), F110 (for the F-16C/D and F-15E), F118 (for the B-2 and U-2), F404 (for the B-2 and U-2), and F118 (for the B-2 and U-2), and F118 (for the B-2 and U-2), and F118 (for the B-2 and U-2). ), F404 (for F/A-18C/D), F414 (for F/A-18E/F), T64 turboprops (for C-27A and DHC-5D), CT7 turboprops (for Saab340, CASA-IPTN CN-235), and T64, T7, and T7 for military and civil helicopters. civil helicopters with the T64, T700 and CT7 turboshaft engines.

(3) The Marine & Industrial Engines Div. is located in Cincinnati, Oklahoma and Lane, Massachusetts and produces the LM500, LM1600, LM2500, LM5000, LM6000 and other types of gas turbines for marine and industrial use.

Also included are a number of joint ventures, CFAN (partner: SNECMA), CFE (partner: UNISON Engines), CFM International and GE-Pratt & Whitney Engine Associates (partner: Pratt & Whitney).

SIZE CAPABILITIES GE is now the world's largest manufacturer and exporter of commercial jet engines, with operations in more than 100 countries around the world, including approximately 250 plants in 26 different countries. in mid-1994, GE and CFM International (a 50/50 joint venture between GE and the French company SNECMA) acquired the world's largest jet engine. (a 50-50 joint venture between GE and SNECMA of France) received more than 50 percent of the world's orders for large commercial jet engines. In 1993, the group had 220,000 employees and sales of $65.8 billion; in 1994, the company's total sales were $60.1 billion, with a net profit of $4.726 billion and 221,000 employees; in 1995, the company's total sales were $70 billion; and in 1996, the company's total sales were $79.1 billion, ranking No. 2 on Forbes' list of the 100 largest corporations and No. 2 on Fortune's list of the 100 largest corporations, and No. 3 on Fortune's list of the 100 largest corporations. ranked No. 2, Fortune 500 largest companies ranked No. 15; in 1997, the company employed 276,000 people, with a total turnover of 90.8 billion U.S. dollars and a net profit of 8.2 billion U.S. dollars; of which the aircraft engine group employs 34,000 people, with a turnover of 7.8 billion U.S. dollars. Currently, GE has total assets of about $495 billion, 2001 sales of $125.9 billion (of which international sales of $50 billion, about 40% of total sales), net win of $14.1 billion, and research and development expenses of $2.3 billion.The company's aerospace sales of $11.389 billion in 2001 ranked 8th among the top 100 companies in the world's aerospace industry.In 2002, Fortune World Inc. In 2002, the company was ranked No. 9 on the Fortune 500 list of the world's top 500 companies and No. 6 on the Fortune 500 list of U.S. companies. GE's operations in recent years:

Year 1999 2000 2001

Sales ($ billion) 1116.30 1298.53 1259.13

Net profit ($ billion) 107.17 127.35 136.84

Representative Offices

Harbin Office

Tel: 0451-53009575 53009565

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Address: 25th Floor, Block A, Auwes Development Mansion, No.15, Hongjun Street, Nangang District, Harbin 150090

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Address: Room 907, Block C, Presidential Mansion, No. 69, Heping North Street, Heping District, Shenyang, 110003

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Address: Room 2302, Tianjin International Plaza, No.75 Nanjing Road, Tianjin 300050

Address: Room 2302, Tianjin International Plaza, No.75 Nanjing Rd. Room 2302, Tianjin International Building, No. 75 Nanjing Road, Tianjin 300050

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Address: Room B, 12F, Zhongquan Plaza, No.86 Zhongshan Road, Urumqi City, Xinjiang, China 830002

Chengdu Office

Tel: 028-86198282

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Address: Block C, 9th Floor, Sichuan Guoxin Building, No.77 Xiyu Street, Chengdu 610015

Chongqing Office

Tel: 023-63743900

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Address: Block B, 23rd Floor, Chongqing Hotel Business Building, No. 235 Minsheng Road, Chongqing 400010

Wuhan Office

Tel: 027-85758335

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Address: Wuhan International Trade Commercial Center, No. 566 Jianjiaodao, Wuhan Wukou, China

Address: No. 566 Jianjiaodao, Wuhan, China Room 1018, Wuhan International Trade Commercial Center, No. 566, Wuhan 430022

Nanjing Office

Tel: 025-84720700

Fax: 025-84728654

Address: Room 1661-1664, World Trade Center, Jinling Hotel, No. 2, Hanzhong Road, Nanjing 210005

Shanghai Office

Tel: 021-62881088

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Address: 17th Floor, Plaza 66, No. 1266 West Nanjing Road, Shanghai, China 20040

Hangzhou Office

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Address: Room 906, World Trade Center, Zhejiang World Trade Center, No. 15 Shuguang Road, Hangzhou 310007

Changsha Office

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Fax: 0731-5812837

Address: Room 1309, 1310, Hunan Jia Cheng Hotel, No. 386, West Labor Road, Changsha, Hunan Province 410007

Kunming Office

Tel: 0871-3157171

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Address: Room 2103, Oasis Commercial Center, No. 80, Toto East Road, Kunming, China. 650011

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Address: Rm. 1815-1816, Bank Center, No. 189 Xiahe Road, Xiamen, 361003

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Address: Room 1512, Yian Plaza, No.33, Jianshe Road 6, Guangzhou 510060

Shenzhen Office

Tel: 0755-82125157

Fax: 0755-82463650

Address: Room 1012-13, Diwang Commercial Building, Xinxing Plaza, No. 5002 Shennan Road, Shenzhen, China 5180081 In 1886, George Westinghouse established Westinghouse in Pittsburgh. 120 years, the group's development spans dozens of fields and sells tens of thousands of products. Westinghouse products include nuclear power plants, radar, Westinghouse space cameras, refrigerators, microwave ovens, washing machines, submarine engines and more.

Westinghouse released the nation's first black-and-white television set in 1954, became a member of CBS Corporation in 1997 when it was acquired by CBS Corporation, and was the fifth largest seller and fourth largest seller in the U.S. LCD market for the year in 2005.

Historically, Westinghouse has brought light to the world (the world's first production of tungsten filament light bulbs), helped expand mankind's horizons (using Westinghouse cameras to film mankind's first moon landing), and provided energy for the world's science, technology, and life (Westinghouse's earliest production of uranium), and now Westinghouse has transformed its advanced LCD technology into display products that bring digital life and entertainment to millions of homes.

You can be sure...If it's Westinghouse

Westinghouse is a long-established company in the U.S. that has created its own brand, with 88% consumer acceptance in the U.S. The brand image is quite high, and with the addition of millions of Americans who The brand image is quite high, plus there are millions of Americans who have worked in the Westinghouse Group, all agree that Westinghouse (Westinghouse) appliances are mid-range and high-end products, and most of them have a sense of intimacy with Westinghouse appliances for American consumers.

It is impossible not to mention the company's founder, George Westinghouse, who invented the air brake on trains. Westinghouse's original mission was to find the right long-distance power delivery solution for the burgeoning American electrical industry. The company's strongest rival was the great inventor Thomas Edison (Edison's companies later evolved into some of the major power generating companies in the eastern United States and General Electric). Westinghouse's favored alternating current eventually won out over Edison's favored direct current as the dominant form of power transmission and utilization in the Western industrial world.

Like General Electric, Westinghouse manufactured a variety of products along the electrical industrial chain, including light bulbs and radios, and in 1920, to promote radio sales, the company even established the first U.S. radio station in Pittsburgh. Of course, Westinghouse's main competitiveness came from large-scale electric power equipment, especially the huge mass of turbines and generators. After World War II, as other industrialized countries (especially Japan) expanded their power in the electronics market, American industrial companies continued to withdraw from the home appliance market. General Electric and Westinghouse, which had provided American families with a wide range of appliances from refrigerators and washing machines to dishwashers and toasters, were forced out of the market in the 1970s.

Compared with General Electric, Westinghouse's fate was not good. The company's turbine engines lost much of their market in the mid-1970s due to quality problems, and Westinghouse was forced to embark on a long road of reorganization, buying and selling a variety of businesses from the 1970s to the 1980s. At one time, it diversified, and at another, it sold dozens of subsidiaries. Faced with challenges from outside its home country, the company also entered into various joint ventures with foreign companies, such as electrical engineering and construction companies with Sweden's ABB, Germany's Siemens and Japan's Mitsubishi Heavy Industries.

But that didn't change Westinghouse's fortunes; in 1993, the company welcomed its first non-internally-grown CEO in its history, Mike Jordan of PepsiCo. Jordan reviewed the various operating business units and decided to perform surgical procedures on the company, focusing on such industries as broadcast networks (including 18 radio stations and five television stations), defense electronics, electrical controls and power equipment. To that end, Westinghouse made a series of acquisitions, including the radar division of United Technologies Corporation, which produced the Norton anti-missile radar that was so prominent in the Gulf War, and the CBS television broadcasting network (1995).

The large number of acquisitions and share swaps with acquired companies that added to Westinghouse's broadcasting business gradually changed Westinghouse's management philosophy and boardroom preferences, such as when the chairman of Infinity became Westinghouse's largest shareholder in 1997 after the company bought Infinity Broadcasting for $4.9 billion. Westinghouse also spent $1.5 billion to acquire TNN and CMT, the arts and culture channels, and the largest provider of Spanish-language television programming in North America.

Sacrificed were the electrical divisions that were fundamental to Westinghouse, with the company's cogeneration business sold to Ingersoll-Rand Corp. and its coal-fired power generation business sold to Siemens AG. Finally, the Westinghouse name was changed to CBS, its broadcasting business. Westinghouse Electric, the nuclear power generation division that carried the last of Westinghouse's historical legacy, was sold to British Nuclear Fuels, a company owned by the British government. It was from this company that Toshiba bought Westinghouse Electric.