Wall Street Journal (Wakabayashi, Osawa) reported Panasonic will begin spending more time and money on energy-related products such as rechargeable lithium-ion batteries and solar panels over extra spending for the production of plasma-display and LCD panels for the next three years. Panasonic joins other Japanese brands who are relying more on contract manufacturers to produce their goods. President Fumio Ohtsubo said, "If there is additional demand, we will not be building a new production line," adding following the dot-com bubble, "The business model has changed." Hat Tip:
NAM
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