Panasonic eyes cooperation with German automakers: President

BERLIN (Reuters) - Panasonic is considering joint ventures and cooperation deals with German carmakers, its President said at the IFA trade fair on Tuesday. The Japanese electronics company, which has suffered $15 billion in losses over its latest two financial years, is staking its turnaround on a transformation from a consumer gadget maker to a supplier for other businesses. "We already have good relationships with German carmakers," Kazuhiro Tsuga told journalists. Panasonic could, for instance, cooperate with Volkswagen, Audi, Daimler or Porsche on batteries or security systems. ...

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