Aug 1, 2014

Panasonic, Tesla to build big U.S. battery plant

American electric carmaker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. The companies announced the deal Thursday, but they did not say where in the U.S. ...

Jul 31, 2014

Panasonic's revamp efforts continue to pay dividends

Panasonic Corp. said Thursday that its operating profit grew in the April-June quarter on the back of efforts to restructure by shifting focus to industrial markets instead of less profitable consumer products. The electronics giant said group operating profit rose 28.2 percent to ¥82.29 ...

Panasonic on track to finish reforms in '14

Jun 26, 2014

Panasonic on track to finish reforms in '14

The president of Panasonic Corp. said Thursday that the electronics giant’s restructuring will be completed this fiscal year and be used as a springboard for reaching group sales of ¥10 trillion in fiscal 2018. “We will position the current business year as the time ...

Jun 25, 2014

Five Japanese firms among top 10 global green brands

U.S. consulting firm Interbrand said Tuesday that five Japanese companies were among the 10 best global green brands in 2014, recognizing their work on tackling environment problems. Ford Motor Co. took the top spot for its commitment to electric vehicles, ousting Toyota Motor Corp., ...

LED bulbs develop color customizing options

Jun 2, 2014

LED bulbs develop color customizing options

by Satoshi Toi

Light-emitting-diode bulbs are becoming a new tool for customizing home or office lighting environments. In November last year, Naomi Watanabe, who teaches at an elementary school in the evenings, installed a Panasonic Corp. LED ceiling light system in her classroom at a private home ...

Panasonic, Sharp pull up as Sony lags

May 15, 2014

Panasonic, Sharp pull up as Sony lags

by Kazuaki Nagata

Vigorous streamlining efforts paid off for Panasonic Corp. and Sharp Corp., two of Japan’s three major electronics firms, in fiscal 2013, but Sony Corp. struggled to rebuild as its mainstay businesses continued to lose money. Thanks to drastic cost-cutting efforts and a restructuring of ...

Panasonic returned to profit in '13

Apr 28, 2014

Panasonic returned to profit in '13

Panasonic Corp. said Monday it had returned to the black for the first time in three years with a net profit of ¥120.44 billion for the year ending March, assisted by the positive effects of its restructuring efforts as well as increased sales in ...

Apr 21, 2014

Panasonic to cultivate greenhouse farming biz

Panasonic Corp. said Monday the group will enter into the farming business with a newly developed low-cost vinyl greenhouse production system. The leading home electronics maker’s subsidiary will launch the system utilizing natural energy sources during the current business year through next March, targeting ...