• Kyodo

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Panasonic Corp. has acquired German audio streaming platform provider Aupeo GmbH to distribute music programs for the company’s in-car audio system.

With the acquisition announced Monday by Panasonic Corp. of North America, the struggling consumer electronics maker plans to strengthen its automotive-related business. In its medium-term business plan, Panasonic aims to increase sales of auto-related business to ¥2 trillion in fiscal 2018 from ¥1 trillion at present.

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