From what analysts have said about GE over the years, the transportation division, which included things like locomotives and Jet engines among other things, did pretty well, GE's decision to sell off that branch wasn't it wasn't profitable, it is a combination of things, they needed the cash, and they had decided to focus more on the financial side of things. Just as an FYI, there is a report out that I saw on CNBC this morning, where a guy who helped break the Madoff mess among other things, has issued a report accusing GE of massive financial fraud, to the tune of like 39 billion dollars, that among other things they hid massive losses in the long term care business they got into..in that light, it may have been GE trying to get out from behind a big hole that led them to selling assets.
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