I see your point, but I think what usually what happens in these instances is like Whirlpool absorbing Maytag (not sure if all, or just kitchen appliances), and slapping their name on some of Maytag’s subpar refrigerators in order to get them off the sales floor.
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Share price has taken quite a hit:
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What could possibly go wrong with a state-run corporation that creates its own regulations?
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That’s actually a graph of the altitude of an affected washing machine.
You see that bounce at the end…that was when it landed on the pile of recalled Note 7s
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Or when they threw in a bunch of Note 7s.
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