Cost cuts and price increases have helped Whirlpool Corp. achieve a higher-than-expected profit for the first quarter. The appliance maker, which produces Maytag and KitchenAid products, expects to see further growth this year as the U.S. market improves.
Swedish appliance maker Electrolux is betting on the U.S. market to drive sales growth this year as the European market continues to suffer through an economic downturn. The company is projecting a 3% to 5% growth rate for North America this year.
Appliance maker Electrolux is unveiling a new upscale product range on the North American market. The Grand Cuisine line of products includes a blaster chiller for rapid freezing and six other appliances that will have costs as much as $120,000.