General Equipment related to General Electric?

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Kevin and Sarah Banks purchased this old running gear from a collection of old metal from an auction. It caught their eye because of the "GE" logo on each of its three remaining hubcaps.
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Close up of the "GE" logo on the running gear hubs — General Equipment or General Electric? Is there a relation between the two companies?

We bought an old running gear from a guy who got it as part of a collection of old metal from an auction. It has General Electric logos on the three remaining hubcaps. An older relative said there once was a General Equipment company, but he didn’t believe it had a link to GE. This is clearly the same logo – there would have to be some sort of link. Does anyone have any information that would explain some history about this and the possible age? The wheels appear to be bluish-green – it might be the original color. The guy we bought it from thought it might be from the 1930s or ’40s. Its unusual hubcaps saved it from the scrapyard. Any help would be appreciated.

Kevin and Sarah Banks
1754 17 Mile
Remus, MI 49340

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