Panasonic hesitant about investing in Musk's huge Tesla battery factory

Mar 28, 2014

Panasonic hesitant about investing in Musk's huge Tesla battery factory

Panasonic Corp., Tesla Motors Inc.’s primary supplier of lithium-ion battery cells for its electric Model S sedans, has not committed to investing in a massive U.S. battery plant proposed by Tesla’s Elon Musk. Joining Tesla’s “Gigafactory” battery project would raise investment risks, Panasonic President ...

Mar 14, 2014

Panasonic retakes top spot in patents

Panasonic Corp. reclaimed the top spot in international patent filings in 2013, overtaking Chinese telecommunications equipment maker ZTE Corp., the top filer in 2011 and 2012, the World Intellectual Property Organization said. Panasonic filed 2,881 applications, down 109 from the previous year, followed by ...

Panasonic China staff  get pay for pollution

Mar 13, 2014

Panasonic China staff get pay for pollution

Electronics giant Panasonic said Thursday it will give employees sent to China a wage premium to compensate for the country’s hazardous air pollution, in a possible first for an international company. The move was part of a wider deal reached in the annual labor ...

Panasonic employees' pay scales to be raised

Mar 4, 2014

Panasonic employees' pay scales to be raised

Panasonic Corp. is planning to raise the pay scale for its employees at this spring’s labor-management wage talks for the first time since 2008, sources said Tuesday. The electronics-maker took into consideration commodity price rises and the imminent sales tax hike, which will likely ...

Feb 6, 2014

Panasonic to enhance elderly housing business

Panasonic Corp. said Wednesday it will establish a new company at the end of the month to improve its serviced apartment business. The electronics giant runs two buildings containing such apartments for the elderly in Osaka Prefecture. The new company plans to increase the ...

Feb 4, 2014

Panasonic profit beats analyst estimates

Panasonic Corp. posted third-quarter profit that beat analysts’ estimates as the television maker stops making plasma sets to speed up reforms and recover from back-to-back annual losses. Net income rose 20 percent to ¥73.7 billion in the three months that ended Dec. 31, the ...

Jan 28, 2014

Panasonic in talks to sell Hyogo plasma factory

Panasonic Corp. is in the final stage of talks with a real estate investment advisory company to sell its plasma display panel factory in Amagasaki, Hyogo Prefecture, according to sources. The deal with Center Point Development Inc. would give Panasonic several billion yen in ...

Sony expected to lower profit outlook again

Jan 24, 2014

Sony expected to lower profit outlook again

by Mariko Yasu

Nintendo Co. shocked investors last week by lowering its profit forecast for the year. Analysts are concerned Sony Corp. could be next. At least nine analysts cut their profit estimates for Sony over the past two months after slow holiday sales of televisions, personal ...

Dec 20, 2013

Panasonic to sell three chip plants to Israel's TowerJazz in revamp

Panasonic Corp. said Friday it will effectively sell off three domestic semiconductor plants to Israeli chipmaker TowerJazz Semiconductor. The two firms will establish a joint venture temporarily named Panasonic TowerJazz Semiconductor by April 1, which will run the three Panasonic plants in Toyama and ...

Dec 3, 2013

Panasonic eyes growth via auto parts ventures

Panasonic Corp. is in talks with automotive parts makers for possible acquisitions or alliances as Japan’s No. 2 TV maker seeks to expand the components it delivers to vehicle manufacturers. The supplier of lithium-ion batteries for Toyota Motor Corp. and Tesla Motors Inc. is ...

Panasonic to sell chip plant trio in Japan

Nov 27, 2013

Panasonic to sell chip plant trio in Japan

Panasonic Corp. is in talks to sell off three semiconductor plants in Japan to Israeli chip-maker TowerJazz as part of restructuring efforts to jettison slumping operations, sources said Wednesday. The major electronics maker will spin off the three plants in Toyama and Niigata prefectures ...

Famed Kaminarimon lantern gets rare makeover

Nov 18, 2013

Famed Kaminarimon lantern gets rare makeover

The giant red lantern at Kaminarimon (Thunder Gate), which serves as the entrance to Sensoji Temple, made its first appearance after a once-in-a-decade makeover during a dedication ceremony Monday. This was the fifth time the lantern, the symbol of the historical Asakusa district in ...