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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 interested in companies that make front and rear car components and have a strong safety record, Yoshihiko Yamada, head of Panasonic’s automotive and industrial systems unit, said Monday.

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