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Electronics

Panasonic and Sony: A tale of two companies in transition

Tesla battery tie-up struggles to turn profit for shrinking Matsushita empire

Panasonic's auto battery business, which has seen it hitch its fortunes to Tesla, remains mired in losses.   © Reuters
ITSURO FUJINO, Nikkei staff writer | Japan

OSAKA -- Panasonic is nearing its goal of halting the bleeding from a trio of chronic money-losers, but unlike another once-sprawling Japanese electronics group -- rival Sony -- it has yet to find a path back to growth.

CEO Kazuhiro Tsuga led Panasonic into painful restructuring soon after taking charge in 2012.

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