View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 20, 1988

GMFANUC ROBOTICS SEES PROFITS OF ‘SEVERAL MILLION’

By CBR Staff Writer

One of the biggest high-tech disappointments of the decade has been the failure of the market for robots to take off as forecast, but things are looking a little brighter: GMFanuc Robotics Inc, equally owned by General Motors Corp and Fanuc Ltd, says it expects to return to profits this year on a sales increase of between 15% and 20%; last year, sales slumped 54% to $102m, and the company made a loss of a few million dollars; it now sees profits of several million.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU