Panasonic Corp. said Thursday it incurred a net loss of ¥9.83 billion ($93 million) in the April to June quarter, its first red ink in nine years for the period, as the coronavirus pandemic dented sales in all segments, including automobile and aircraft equipment. The ...
Panasonic pulls plug on white goods production in Thailand after over 40 years
The move to streamline production in Southeast Asia will help cut labor and parts procurement costs amid competition from Chinese and Korean firms.
Panasonic Corp. will begin producing face masks at the end of May as supplies run short due to the COVID-19 pandemic. The electronics giant will initially supply them to employees of group firms and hospitals, which fear the internal spread of the novel coronavirus that ...
Panasonic to end tie-up with Tesla over solar cell production
Panasonic Corp. will end its tie-up with U.S. electric-car maker Tesla Inc. in producing solar cells after years of struggling to boost output, sources said Wednesday. The electronics maker will continue its cooperation with Tesla on EV batteries, the sources said. The two companies signed a ...
Japan's manufacturers have started moving production out of China because they fear the deadly coronavirus outbreak could prolong plant closures and wreak more havoc on their supply chains. Reallocating production outside of China means a temporary surge in costs and is not an easy decision ...
Tesla up 20% after Panasonic posts first quarterly profit at battery business
Tesla Inc.'s stock surged 20 percent on Monday in its largest one-day gain since 2013, fueled by a quarterly profit at Panasonic's battery business with the U.S. carmaker and an investor report predicting its shares would rise more than ten-fold by 2024. Shares of Tesla ...
Panasonic Corp. on Monday unveiled a slew of new products including wireless headphones, gaming speakers and an OLED TV at a press preview ahead of the annual Consumer Electronics Show in Las Vegas. One of the new wireless headphones, presented under the Japanese consumer electronics' ...
Panasonic Corp. said Tuesday it will invest around ¥4.6 billion ($42 million) to build a new plant in southern India to produce switchgears and other wiring devices as the emerging economy has experienced a construction boom for condominiums and office buildings. The new factory in ...
Telephone manufacturers unveil the perfect Christmas gift to combat bank transfer scams
Furikome sagi (bank transfer scams) have become such an entrenched part of life in Japan that you can't even make a bank transfer via an ATM these days without first acknowledging a notice reminding you to refrain from sending money to people you don't ...
Panasonic to sell loss-making chip business to Taiwanese firm: source
Japanese chip manufacturers — once global leaders — have struggled in recent years in the face of fierce competition from South Korean and Taiwanese rivals.
Panasonic CEO outlines cutting costs and money-losing divisions
Panasonic Corp. Chief Executive Officer Kazuhiro Tsuga says he is getting serious about profits. Businesses that chronically lose money and operations that have little prospect of healthy profits will have to go, Tsuga said at a briefing in Tokyo on Friday, declining to name specific ...
