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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"

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This Article's Word Cloud:   AMEX   Call   Capital   Definition   ETFs   Electric   Fleet   Fund   General   Industrial   Investment   NYSE   Portfolio   Relevant   Sector   Select   Short   Symbols   United   Volt   What   allows   asset   business   circuit   completely   designed   electric   equipment   fleet   followed   growth   holding   including   infrastructure   initially   largest   lower   portfolio   protection   shares   short   stations   stocks   supporting   terms   there   transformers   vehicles   with
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