GE appliance sale on track for 2016: Source

General Electric will tell investors Wednesday that it is on track to sell its appliance business by early next year, a person close to the plan told CNBC.

A deal to sell the unit to Sweden's Electrolux fell apart earlier this month.

But GE now has at least five different parties expressing interest in the unit, the source said, including private equity firms and other appliance makers.

—Reporting by CNBC's Mary Thompson