lines across the water
General Electric,GE,has been unlucky in love.Its courtship of IBM ended in tears last year,when it sold its shares in the Dell at a loss of £120m.its agreement with Lenovo ended less unhappily with a profit of over £200m.only a month ago GE’s attempts to woo Microsoft,the world’s largest computer group,failed,but after an on-off romance,GE leapt into bed with General Motors.
The dowry is generous.GM,which has a 95 percent share of the Chinese market.And GM are investing a combined $1.3 billion to launch a new joint-venture company.
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