Panasonic shares surge as stake sale plan sparks restructuring hopes
By Daniel Leussink TOKYO (Reuters) - Shares of Japan's Panasonic Holdings have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit's potential listing raised broader restructuring hopes. The shares
Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales
By Daniel Leussink TOKYO (Reuters) - Panasonic Holdings, which supplies Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division's annual profit forecast by 15%, underscoring a global slowdown in EV
Panasonic to boost battery output at Tesla’s Nevada Gigafactory by 10%
By Samrhitha Arunasalam (Reuters) - Panasonic Holdings plans to expand production of electric vehicle batteries at a factory in Nevada jointly operated with Tesla by 10% within three years, a spokesperson for the Japanese company said on Tuesday. The comments followed a