Panasonic Corp. ADR(PCRFY)- OTCPK - Current
  • Yesterday, 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.
    | Yesterday, 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
  • Apr. 15, 2015, 8:47 AM
    • Panasonic (OTCPK:PCRFY) Avionics says it will need to double the rate at which it installs Wi-Fi systems on aircraft to catch up with skyrocketing demand.
    • "We installed 488 systems on aircraft last year, but the rate needs to double to 1,000 a year to catch up with demand," announced Neil James, executive director of sales and marketing.
    • Panasonic Avionics says it has a 46% share of Wi-Fi systems installed since 2009, taking the lead over rivals such as OnAir, Gogo (NASDAQ:GOGO) and Global Eagle's (NASDAQ:ENT) Row44.
    | Apr. 15, 2015, 8:47 AM | 8 Comments
  • Mar. 14, 2015, 10:41 AM
    • BYD Company sold a subsidiary to Holitech this week for 2.3B yuan ($368M).
    • The Chinese company said in its filing with the Hong Kong exchange that it intends to allocate more resources to develop its new-energy vehicle business to expand on existing levels of electric car and bus production.
    • A new 3B yuan ($479M) bond offering from BYD is also in the works.
    • BYD is emerging as the main competitor to Tesla Motors (NASDAQ:TSLA) in the electricity storage industry with plans to triple battery production.
    • Execs with BYD maintain the company could produce ~34 GWh of battery capacity by 2020 if demand trends are strong - a pace that rivals projections for Tesla's Gigafactory production.
    • Berkshire Hathaway (BRK.A, BRK.B) owns a sizable stake in BYD Company (OTCPK:BYDDY, OTCPK:BYDDF).
    • BYD's aggressive positioning could have some impact on companies tied to the lithium industry.
    • Potential lithium plays: OTCPK:PCRFY, ARTX, SQM, ENS, OTCQX:WLCDF, FMC, LIT (add your own in the comment stream).
    • Previously: Dark cloud over China auto market (March 4)
    | Mar. 14, 2015, 10:41 AM | 285 Comments
Company Description
Panasonic Corporation is one of the largest electronic product manufacturers in the world, comprised of over 634 companies. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe.
Industry: Electronic Equipment
Country: Japan