Philco was a pioneer in battery, radio, and television production. In 1961 the company was purchased by Ford and was known as Philco-Ford from 1966. Ford sold the company to GTE in 1974, and it was purchased by Philips in 1981. In North America, the Philco brand is currently owned by Philips. In other markets, the Philco International brand is owned by Electrolux.
