GE: $350MM Locomotive Deal at Risk if Ex-Im Bank Closes



Reuters reported that General Electric would lose a $350 million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank.

Reuters notes that GE, along with other major U.S. exporters including Boeing and business groups like the U.S. Chamber of Commerce and the National Association of Manufacturers, is fighting to save the Ex-Im Bank.

Reuters said the export credit agency’s critics, mostly conservative Republicans, want Congress to allow Ex-Im’s charter to expire on June 30.

To view the full Reuters report, click here.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com