Connect to share and comment

RugbyU: Robbie Deans to coach Japan's Panasonic

Former Wallabies boss Robbie Deans will become the head coach of Japan's Top League and national champions Panasonic Wild Knights on May 1, the club said Tuesday. Deans, who has also managed the Christchurch-based Crusaders and served as an All Blacks assistant coach, will take over from Norifumi Nakajima, who is transferring to another part of the giant electronics firm. Nakajima spent three seasons in charge at Panasonic, leading the club to the double honour in his final season.

Panasonic plans battery mega factory with Tesla

Japan's Panasonic and California-based electric-vehicle venture Tesla Motors are in talks to build a $1 billion automotive battery plant in the United States, a report said Wednesday. The electronic giant is inviting several other Japanese materials makers to join the project, with the aim of lowering manufacturing costs of the lithium-ion batteries used in electric vehicles, the respected Nikkei daily said, without citing sources.

Panasonic plans battery mega factory with Tesla

Japan's Panasonic and California-based electric-vehicle venture Tesla Motors are in talks to build a $1 billion automotive battery plant in the United States, a report said Wednesday. The electronic giant is inviting several other Japanese materials makers to join the project, with the aim of lowering manufacturing costs of the lithium-ion batteries used in electric vehicles, the respected Nikkei daily said, without citing sources.

Panasonic unveils wearable 4K camcorder at International CES gadget show

LAS VEGAS, Nev. - Panasonic unveiled a product Monday that combines two big tech trends — ultra HD and wearable devices— with a portable, camera that hooks onto your ear and records in ultra-high definition 4K video. Panasonic didn't immediately name the gadget, but it resembles the company's A100 full HD camcorder, which is a smartphone-sized device that straps to a user's arm and is connected by a cable to a tubular device housing the lens.

Panasonic to sell stakes in chip plants to Israeli firm

Japan's Panasonic on Friday announced plans to sell majority stakes in its three domestic semiconductor plants to an Israeli chipmaker in a bid to reduce its loss-making operations. The electronics giant will jointly set up a new firm with Tower Semiconductor to run Panasonic's three plants -- Uozu, Tonami and Arai -- starting in April next year, Panasonic said in a statement after markets closed Friday. The new firm will be owned 51 percent by the Israeli company, known for its "TowerJazz" brand, and the remaining 49 percent by Panasonic.

Japan's Panasonic to sell chip plants to Israeli firm

Japan's Panasonic is nearing a deal to sell three domestic semiconductor plants to an Israeli company as it presses ahead with a move to cut money-losing operations, a report said Wednesday. The electronics giant's shares jumped 3.90 percent to 1,172 yen in afternoon Tokyo trade after the Nikkei business daily said it would sell majority stakes in the three factories to chipmaker TowerJazz. The deal's price tag would be determined later, it added.

Panasonic to slash chip business workforce in half

Panasonic is set to cut its chip division workforce in half, axing thousands of jobs as the electronics giant overhauls its battered balance sheet after record losses, Japanese media reports said Thursday. The plan to shrink Panasonic's money-losing semiconductor business could also see it sell off some chip manufacturing plants, the leading Nikkei business daily said, without citing sources.

Panasonic to exit plasma TV display business

Panasonic will stop making plasma television screens by early next year, a report said Wednesday, as the struggling electronics giant undergoes a huge corporate overhaul. Japan's leading Nikkei business daily said Panasonic will shutter production at its main plasma screen plant in Amagasaki in western Japan by the end of March as it puts the factory up for sale. The move would fall in line with a broader industry shift away from plasma units, with Hitachi and Pioneer also exiting the market in recent years.

Panasonic says April-June net profit soars to $1.1 bn

Panasonic said Wednesday its net profit soared to $1.1 billion in the three months to June, mainly due to one-off gain from a pension scheme change. The electronics giant booked a 107.8 billion yen net profit in its fiscal first quarter, a more than seven-fold increase from the 12.8 billion yen in the same quarter a year earlier. It also said operating profit rose 66.3 percent to 64.2 billion yen, thanks to cost cutting efforts and a weaker yen boosting the value of its overseas income. Sales inched 0.6 percent higher to 1.82 trillion yen, it said.

Panasonic to cut 5,000 jobs over three years

Struggling Japanese electronics giant Panasonic said Thursday it was aiming to cut about 5,000 jobs over three years in its automotive and industrial systems unit, following an eye-watering annual loss. The division, which makes everything from memory chips to car navigation systems, would reduce its existing workforce of about 111,000 people by March 2016, a company spokeswoman said.
Syndicate content