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Companies

Panasonic focuses on batteries, other 'growth areas' in shake-up

Japanese maker eyes $4.9bn investment in shift to holding-company model

Panasonic formally adopted a holding-company model on April 1. (Photo by Yo Inoue)

TOKYO -- Panasonic promised on Friday significant new investments in automotive batteries, hydrogen energy and software as the Japanese electronics maker sets out a strategy to sharpen its focus and improve profitability.

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