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Adding to recent major Japanese corporate cutbacks, appliance maker Panasonic Corp. said it would shut down plants and cut 15,000 employees, as well as reported a net loss for the last quarter and revised its annual forecast downward. All this while it's trying to acquire Sanyo Electric Co. Ltd. for...
Posted on February 4, 2009 10:11 AM
A strong yen will help Japan keep a decent pace of cross-border acquisitions for 2009, but it's doubtful they will top their record pace from 2008 with the global economic crisis in full gear. A Reuters report notes Japan's firms have filled a void left by private equity and other...
Posted on December 18, 2008 4:10 PM
CD has been keeping an eye on developments in the auto industry's global push to make energy-efficient vehicles and the infrastructure to support their sale. Here's the latest: MidAmerican Energy Holdings Co., majority owned by Warren Buffett's Berkshire Hathaway Inc., just invested HK$1.8 billion ($230 million), in China's BYD Co....
Posted on September 29, 2008 5:10 PM
Betting on the future of hybrid vehicles, South Korea's Samsung SDI Co. Ltd. set up a $520 million joint venture with Germany's Robert Bosch GmbH to develop, manufacture and sell lithium-ion batteries. The 50-50 JV, SB LiMotive Co. Ltd., will be based in South Korea and start operations in...
Posted on June 19, 2008 4:51 PM
Clearly, bringing electric cars to market takes teamwork. Yet another joint venture was formed Wednesday to co-develop next-generation lithium-ion battery systems. Sanyo Electric Co. Ltd., which controls the greatest market share for the technology, is injecting ¥80 billion ($764 million) into a JV with Volkswagen AG...
Posted on May 28, 2008 2:47 PM
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Juergen Lasowski
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