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GE Gets Greener With 25,000 Electric Vehicles

By Makret News Video Staff, Thursday, November 11, 2:07 PM ET
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General Electric to Buy 25,000 Electric Cars Symbols: GE, XLI, UTX, UPS, MMM General Electric said today it plans to buy 25,000 electric vehicles by 2015 for its own fleet and its Capital Fleet Services business. GE will initially purchase 12,000 vehicles from General Motors, including the Chevy Volt in 2011, and add vehicles as other manufacturers expand with more electric offerings. GE noted it is in a strong position to help deploy the supporting infrastructure for electric cars, including charging stations, circuit protection equipment and transformers.

GE shares are trading lower with the general markets Thursday, off 1.3% so far.

GE is the top holding of the Industrial Select Sector SPDR Fund (AMEX:XLI) at 10.34% of the portfolio. United Technologies (NYSE:UTX) is the second-largest holding, at 5.81% of the fund, followed by UPS (NYSE:UPS) at 5.46% and 3M (NYSE:MMM) at 5.02%.


ETF CHANNEL LAUNCHES THE "ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO"

The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.


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