GE Appliance Division has been "for sale" for at least 15 years.
They (GE) got in financial trouble when their "Designer" or "elite" series failed miserably....imagine buying a $400-$800,00 New House in the mid- 90's and having your refrigerator fail within 3 months....get it repaired, and it fails again within the first year...
Keep in mind that Appliance Sales are very much tied into the Housing Market, especially New, which is in a slump.
For those who want to buy "American", why is there no outcry about Electronics, Shoes, Clothing, etc?
It appears that GE is getting rid of businesses that are not profitable to beeter invest in those that are.
JMHO of course.