A coal-fired power plant in Kansas that was slated for closure will remain open after all to provide needed power for, wait for it: a new electric vehicle (EV) battery factory producing “clean” energy storage products. In accordance with the Biden regime’s ongoing efforts to force all Americans into an EV, Panasonic has built a $4 billion EV battery factory in the small Kansas City... 

Panasonic has debuted a hybrid smartphone-camera sporting the largest imaging sensor yet to feature on a smartphone. The Photokina trade show in Cologne saw the company lifting the curtain off Lumix DMC-CM1, whose camera has been fitted with a 1 inch 20-megapixel sensor. Probably monopolizing the attention of mobile photographers so far has been Samsung’s Galaxy K Zoom, which the Panasonic device... 

A Japanese electronics manufacturer Panasonic showroom in Tokyo. Embattled Japanese consumer electronics giants Panasonic and Sharp have posted more than USD11 billion in combined losses over the nine-month period ending in December. On Friday, Sharp announced its losses had doubled in the nine months leading to December to USD4.6 billion. Panasonic, meanwhile, said it had lost about USD6.77 billion... 

Panasonic Corp., Japan’s second largest TV maker, saw its credit rating cut by two levels by Standard & Poor’s after it forecast a $9.5 bn loss 30 times bigger than analyst estimates. ­S&P said it has downgraded long-term debt to BBB, down from A-, as “huge losses for the second year in a row weaken the company’s financial profile and could further slow its recovery in the next... 

Chinese demonstrators carry anti-Japan banners and shout slogans during a protest over the Diaoyu islands issue, known as the Senkaku islands in Japan, in Wuhan. The Japanese ambassador to China died in a Tokyo hospital after being admitted three days earlier. His death coincides with an escalation in anti-Japanese protests across China over a territorial dispute. The cause of ambassador Shinichi Nishimiya’s... 

Panasonic President Fumio Ohtsubo The stocks of Japan’s electronics giants Sony and Panasonic have plunged to their lowest in over three decades with companies reporting USD 5.7 billion and USD 9.67 billion annual losses respectively. Sony’s shares dived 6.43 percent to 1,135 yen on Thursday, while Panasonic closed down 1.55 percent at 570 yen on Friday. The firms’ shares stood at their... 

Panasonic Corporation and Tesla Motors today announced that Panasonic has invested $30 million in Tesla. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 per share. The investment builds upon a multi-year collaboration of the two companies to accelerate the market expansion of the electric vehicle. Panasonic is the world’s leading...