(Source: Fort Worth Star-Telegram, November 21, 2017)
FORT WORTH, Texas — When General Electric announced in 2011 it wanted to build a railroad locomotive plant in far north Fort Worth, government and business leaders rolled out the proverbial red carpet — and a plethora of financial incentives — to lure about 700 jobs to the region. But last week, all that optimism was tamped down a bit after Boston-based GE’s chief executive officer, John Flannery, confirmed rumors that the company would sell or spin off its locomotive division, GE Transportation, as part of a broader plan to rid itself of $20 billion in assets.
Full story: Fort Worth Star-Telegram