The troubled Japanese electronics giant Panasonic which earlier this month post a $9 billion in losses, announced today that the current senior executive Kazuhiro Tsuga as a company new president. He is going to replace Fumio Ohtsubo in an executive reshuffle that will take place in June. Tsuga took charge of Panasonic’s flagship TV and audio visual operations last...
Tag Archives: Panasonic
The Japanese multinational consumer electronics corporation, Panasonic saw a cut in its long-term debt ratings by the Standard and Poor’s Rating Services on Wednesday for the second time in less than four months period to A-, strongly indicating that US credit-ratings agency will further cut the ratings if something need not be done. S&P last year in November lowered...
According to Reuters, Japanese consumer electronics Panasonic Corporation is likely to forecast a record net annual loss of more than $9.2 billion. Panasonic’s is following the suite as per from rivals Sony Corp and Sharp Corp which results in for a combined losses of $6.7 billion. “Panasonic, like Sharp and Sony, has structural problems,” said Makoto Kikuchi,...
