Former GE CEO Jack Welch hospitalized
"Jack Welch was admitted to New York Presbyterian Hospital on July 5 with a bacterial infection," his office said in an e-mailed statement. "He is expected to fully recover."
The 73-year-old executive led GE from 1981 through 2001 and picked the largest U.S. conglomerate's current chief, Jeff Immelt.
Welch, the author of several books on management, including "Winning," earned the nickname "Neutron Jack" early in his tenure for his aggressive restructuring actions. During his time as CEO the company's revenue grew from about $26.8 million to nearly $130 billion and its market value surged from $13 billion to several hundred billion dollars.
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Electric vehicle sales triple in Australia despite lack of government support
MELBOURNE - Sales of electric vehicles in Australia tripled in 2019 despite a lack of government support, according to the industry’s peak body.
The country’s network of electric vehicle charging stations was also growing, the Electric Vehicle Council’s annual report found, including a rise in the number of faster charging stations that let drivers recharge a car in about 15 minutes.
But the report, released on Wednesday, found the market share for electric vehicles was still only 0.6% of new vehicle sales – well behind the 2.5% to 5% in other developed countries.
The chief executive of the council, Behyad Jafari, said the…
