Panasonic Corp. has built its 100 millionth washing machine since starting production in 1951 under the leadership of founder Konosuke Matsushita. Its output of washing machines has accelerated since Panasonic started production in China in 1992, with the last 50 million being manufactured since ...

Sanyo Electric Co. has reached a deal to sell its stake in a joint venture in China to U.S. home appliance maker Whirlpool Corp. for around ¥22 billion, Sanyo officials said. With the sale of its 29.51 percent stake in Hefei Rongshida Sanyo Electric ...

Panasonic Corp. said Wednesday its group net profit for the April-June period increased 8.4-fold from a year earlier to ¥107.83 billion due mainly to positive effects of restructuring efforts and a one-off gain related to changes in its pension program. The struggling electronics maker ...

Panasonic says Japanese TV stations are refusing to air commercials for its new “smart” television, apparently because they feel threatened by its combined TV-Internet function. Private broadcasters, in a rare case of turning down a major advertiser, have said they will not show commercials ...

Panasonic Corp. will step up mergers and acquisitions moves as well as collaboration with other firms, company officials said, reflecting the ailing electronics maker’s strategic shift from managing the entire process from development to sales. In its digital camera business, the company will examine ...

A weaker yen, credited to Prime Minister Shinzo Abe's economic policies, may be helping exporters in general but struggling electronics makers are not yet out of the woods.