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Article: Panasonic Announces Business Restructuring and Growth Strategy for Its Motor Business.
- Article from:
- Journal of Transportation
- Article date:
- November 21, 2009
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Panasonic Corporation (Panasonic)(NYSE:PC) announced that the Company will restructure Motor Company, its internal division company, to strengthen its management structure for achieving further growth. In April 2010 (planned), Panasonic reorganizes and integrates Home Appliance and Automotive Motor, and Industrial Motor Businesses to Home Appliances Company (HA), and transfer Information Equipment Motor Business to Minebea Motor Manufacturing Corporation (Minebea Motor). Therefore, Motor Company will be dissolved. 1. Purpose of Business Restructuring Panasonic aims for further strengthening both finished product manufacture and device businesses by vertically integrating ...