Panasonic Corp. ADROTCPK - Current
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  • Mon, Oct. 17, 7:06 AM
    • Tesla Motors (NASDAQ:TSLA) announces it will collaborate with Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) on manufacturing photovoltaic cells and modules from a production site in Buffalo.
    • The company plans to use the cells for a solar energy system that works with the Powerwall and Powerpack products.
    • The venture is contingent on the SolarCity merger closing.
    • Tesla blog post
    | Mon, Oct. 17, 7:06 AM | 101 Comments
  • Wed, Sep. 28, 10:52 AM
    • Facing faster rollouts from competitors including ViaSat (VSAT +0.4%), Panasonic (OTCPK:PCRFY -0.9%) and Global Eagle (ENT +0.1%), airborne Internet firm Gogo (GOGO +2.4%) is working on overhauling its burdened network, but it will take a couple of years.
    • An upgrade to its ground-based systems will call for new equipment all around, and therefore won't be ready until 2018. Newer competitors are stealing a bit of Gogo's thunder by launching faster (and cheaper) than what's available on Gogo's pioneering platform, which began building out even before the introduction of the iPhone.
    • An upgrade based on LTE wireless technology should deliver 100 Mbps to each plane, vs. Gogo's current ground-heavy system that delivers about 10 Mbps to the plane (shared among all passengers).
    • Meanwhile, Gogo must work to hold customers as satellite solutions (including its own) take hold. Shares have fallen 29.4% YTD.
    • It's been one of the most shorted stocks in the Russell 3000.
    • Release: Gogo announces its next-generation ground network
    | Wed, Sep. 28, 10:52 AM | 2 Comments
  • Fri, Aug. 26, 1:13 PM
    • Inmarsat (OTCPK:IMASY) and Deutsche Telekom (OTCQX:DTEGY) are teaming to give significantly higher Internet speeds to European air travelers, one of three deals aiming to help Europe catch up to the U.S. on airborne wireless.
    • The two will combine their satellites and ground towers to get connectivity to some Lufthansa flights, in what they say is a seamless service approach at lower cost than those relying on one or the other approach.
    • ViaSat (NASDAQ:VSAT) is planning an entry it says will be even faster than the Inmarsat/Deutsche Telekom offering after it launches new satellites in 2017 and 2019, though Inmarsat thinks price is the key for consumers: “Wi-Fi on board will be free, and telcos and airlines will offer it as an add-on in five to 10 years’ time in order to gain passenger loyalty,” says CEO Rupert Pearce.
    • Panasonic (OTCPK:PCRFY) also plans to increase coverage with the launch of its own device.
    • Travelers can hit up the Internet on about 75% of flights in the U.S., but global penetration for onboard Wi-Fi is around 3%, says Iridium's Brian Pemberton.
    | Fri, Aug. 26, 1:13 PM
  • Fri, Jul. 8, 7:52 AM
    • Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) expects to double sales of lithium ion batteries for electric vehicles inside of three years.
    • A top exec forecasts sales of ¥400B ($3.98B) in FY19, underpinned by Panasonic's supplier deal with Tesla Motors.
    | Fri, Jul. 8, 7:52 AM
  • Mon, Jun. 20, 2:59 PM
    • Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) will begin to produce batteries for Tesla (TSLA +2.6%) at the Gigafactory ahead of schedule, according to a report from the Nikkei Asian Review.
    • Nikkei reports that the Nevada plant is set to open in July, with power cell production to begin in November. That's a quicker timetable than the early 2017 ramp up in battery production that some anticipated.
    • A Panasonic executive is quoted as saying that the company is likely to invest more than $1.6B in the plant in order to speed up production and avoid delaying the Tesla assembly line.
    | Mon, Jun. 20, 2:59 PM | 89 Comments
  • Wed, Jun. 8, 5:30 AM
    • Elon Musk took to Twitter late Tuesday to dismiss reports stating Tesla (NASDAQ:TSLA) was in talks with Samsung SDI (OTC:SSDIY) to supply batteries for its upcoming "affordable" sedan.
    • "Would like to clarify that Tesla is working exclusively with Panasonic (OTCPK:PCRFY) for Model 3 cells," the billionaire said in a tweet.
    • Earlier rumors also suggested that Samsung and Tesla might be discussions to supply cells for the latter's energy storage products, such as Powerwall, but Musk didn't address the topic.
    | Wed, Jun. 8, 5:30 AM | 125 Comments
  • Tue, Jun. 7, 11:44 AM
    • Samsung SDI (OTC:SSDIY, OTC:SSNLF) rose sharply in trading in Seoul today after more reports emerged indicating that the company is in advanced talks with Tesla Motors on a battery supply deal.
    • Samsung SDI declined to confirm to the Korea Herald if a deal with Tesla is about to be struck.
    • Shares of Panasonic (OTCPK:PCRFF, OTCPK:PCRFY) fell in Tokyo by about 2% on Monday, but tracked back higher by 1% today.
    • Tesla Motors (NASDAQ:TSLA) is up 4.95% to a session high of $231.63. Ron Baron was talking up Tesla on CNBC this morning (nothing new) on top of the battery news.
    • Previously: Tesla Motors brings in battery cells from Samsung (June 2)
    | Tue, Jun. 7, 11:44 AM | 202 Comments
  • Thu, Mar. 10, 3:50 PM
    • Porsche (OTCPK:VLKAY) is considering offers from Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) and Robert Bosch on building long-range batteries for its electric vehicles initiative.
    • A battery deal would be a major step forward for Porsche's Mission E Concept which is viewed by some as a potential threat to Tesla Motors (NASDAQ:TSLA). In an early look at the Mission concept, Porsche showed off (or claimed) similar stylings, performance, range, speed, and charging times as the Model S.
    • Parent Volkswagen has pushed down hard on the EV pedal since the diesel emissions scandal broke last fall.
    | Thu, Mar. 10, 3:50 PM | 94 Comments
  • Tue, Jan. 5, 7:16 AM
    • Bayer AG (OTCPK:BAYRY) closes its previously announced sale of its Diabetes Care business to Panasonic Healthcare Holdings, a company backed financially by investment firm (NYSE:KKR) and the Panasonic Corporation (OTCPK:PCRFY)(OTCPK:PCRFF). The value of the deal was €1B (JPY 132B). The stand-alone organization, headquartered in Basel, Switzerland, will do business as Ascensia Diabetes Care Holdings.
    • Previously: Bayer to sell diabetes unit to Panasonic Healthcare (June 10, 2015)
    | Tue, Jan. 5, 7:16 AM
  • Dec. 21, 2015, 7:18 AM
    • Ingersoll-Rand (NYSE:IR) says it will sell its remaining equity interest in Hussmann Parent as part of a transaction in which Panasonic (OTCPK:PCRFY) is acquiring 100% of Hussmann's shares.
    • The company expects to receive net proceeds of approximately $400M from transaction, which is anticipated to close in the first half of 2016.
    • Previously: Panasonic to take stake in Hussmann (Dec. 21 2015)
    | Dec. 21, 2015, 7:18 AM
  • Dec. 21, 2015, 6:37 AM
    • Panasonic (OTCPK:PCRFY) has agreed to buy a majority stake in Hussmann, a U.S. refrigeration systems maker, from private equity firm Clayton Dubilier & Rice.
    • The deal is said to be priced at over ¥150B ($1.2B).
    • After exiting unprofitable product lines in smartphones and semiconductors, Panasonic has been shifting to growth areas such as automotive and advanced technologies that earn higher profit margins.
    | Dec. 21, 2015, 6:37 AM
  • Oct. 28, 2015, 12:02 PM
    • Tesla Motors (NASDAQ:TSLA) will use LG Chemical (OTC:LGCLF, OTC:LGCEY) for battery upgrades on the Roadster model.
    • Though the Roadster is no longer produced by Tesla, the cooperation between the two companies could give Tesla some leverage with Panasonic (OTCPK:PCRFF, OTCPK:PCRFY) as the gigfactory prepares to ramp up.
    • LG Chem is already a supplier to the Volt EV and will build batteries for the new all-electric Bolt.
    • Previously: GM finds a tech partner for Bolt EV (Oct. 20 2015)
    | Oct. 28, 2015, 12:02 PM | 195 Comments
  • Aug. 31, 2015, 2:49 AM
    | Aug. 31, 2015, 2:49 AM | 6 Comments
  • Aug. 27, 2015, 8:13 AM
    • Panasonic (OTCPK:PCRFY) will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs as part of a move to focus on higher-margin products such as electric car batteries.
    • The plant manufactures batteries for simple mobile devices and digital cameras, both of which are being increasingly overtaken by smartphones in popularity.
    | Aug. 27, 2015, 8:13 AM
  • Jun. 8, 2015, 6:23 AM
    • Panasonic (OTCPK:PCRFY) plans to send hundreds of its employees to Tesla's (NASDAQ:TSLA) Gigafactory in Nevada from this autumn to prepare for production of lithium-ion batteries for electric cars, which it confirmed will start sometime next year.
    • Panasonic also said it expects to invest around ¥60B ($478M) in the current fiscal year through March in its automotive business, which includes the Gigafactory and a joint development project with Spanish auto parts maker Ficosa International.
    | Jun. 8, 2015, 6:23 AM | 186 Comments
  • May 18, 2015, 10:23 AM
    • Panasonic (OTCPK:PCRFF) has launched the Arbitrator BWC, a law enforcement body camera supporting 720p recording, a 130-degree camera angle, and Wi-Fi video offloading. Like rival offerings, it's accompanied by an evidence management system for storing/accessing recorded content, and integrates with a complementary in-car video system.
    • Body camera makers Taser (TASR -3.6%) and Digital Ally (DGLY -4.6%) are selling off. DGLY is now down 18% since releasing its Q1 numbers on Wednesday afternoon.
    • Panasonic launched its first law enforcement body camera, the WV-TW310, in 2012.
    | May 18, 2015, 10:23 AM | 5 Comments