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.
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.
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.
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)
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.
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)
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, 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.
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)
Aug. 31, 2015, 2:49 AM
- The combined effects of China's economic slowdown, a maturing smartphone industry and market volatility are sending jitters through Asian electronic-parts suppliers, which have long-relied on Chinese manufacturing muscle and consumer demand to power growth.
- Earlier this month, research firm Gartner said smartphone sales in China fell for the first time in Q2, while IDC forecasts smartphone shipments in the country to grow just 1.2% this year, down from 19.7% in 2014.
- Related tickers: SNE, OTC:SSNLF, OTC:HNHAF, OTC:PGTRF, OTCPK:SHCAY, OTCPK:LNVGY, OTC:HTCXF, OTC:FXCOF, OTCPK:PCRFY, OTCPK:BYDDY, OTC:HXSCF, OTCPK:TOELF, OTCPK:FANUF
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.
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.
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.
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.
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)
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.
Sector: Consumer Goods
Industry: Electronic Equipment