Downturn hits as GE Fanuc splits

GE Fanuc Automation, the twenty year old joint venture between GE and FANUC, is to be dismantled by the end of the year. GE and FANUC expect the transaction to be completed by the end of this year, subject to satisfactory customary closing conditions. It denies the split is due to market conditions, see comments above.Set up in 1986, GE Fanuc Automation serves a vast array of industries around