Weak yen helps Panasonic raise 2016 profit forecasts

Feb 3, 2017

Weak yen helps Panasonic raise 2016 profit forecasts

Panasonic Corp. said Thursday it has raised its full-year group earnings forecasts for the current business year through March, citing a weaker-than-expected yen. The Japanese electronics maker is now expecting a group net profit of ¥130 billion ($1.1 billion) in fiscal 2016, compared with ...

Panasonic churns out new washer designed to remove curry stains

Jan 26, 2017

Panasonic churns out new washer designed to remove curry stains

Panasonic Corp.’s India subsidiary has begun selling fully automatic washing machines with a specialized setting to remove curry stains, the company said. With the unique feature, a first in India, Panasonic India hopes to expand its share in the growing market. Although Panasonic already ...

Panasonic targets 50% sales jump for TVs in Indonesia

Jan 25, 2017

Panasonic targets 50% sales jump for TVs in Indonesia

Electronics giant Panasonic Corp. is seeking to sell up to 50 percent more TVs in Indonesia this year by offering online shopping and a greater variety of models. The company’s TV sales have been stagnant for three years. “We hope this year we can ...

Jan 5, 2017

Mass production of batteries begins at Tesla-Panasonic factory

Tesla Motors Inc. said Wednesday that mass production of lithium-ion battery cells along with Panasonic Corp. has begun at a plant being jointly built by the two companies outside Reno, Nevada. The Gigafactory is expected to be a major foothold for Panasonic to expand ...

Dec 28, 2016

Tesla, Panasonic to begin solar panel production in New York

Tesla Motors Inc. and Panasonic Corp. completed work on an agreement to begin manufacturing solar cells and modules at Tesla’s factory in Buffalo, New York, eventually bringing some 1,400 jobs to the region. Production will begin this summer, with the factory’s output capacity expanding ...

Nov 6, 2016

Panasonic raps employees for accepting dinners from suppliers

Panasonic Corp. has disciplined more than 90 employees involved in TV-related procurement deals for accepting dinners from parts suppliers overseas in violation of company rules, a company official said Saturday. The employees had been wined and dined by local parts manufacturers on over 2,000 ...