ElectronicsPanasonic 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
November 29, 2019 06:19 JST
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.