JAPAN: Panasonic Automotive Systems operating profit plunges
Panasonic Automotive Systems' operating profit for full year 2011 plunged to JPY4.9bn (US$61.2m) from JPY22.7bn a year ago due mainly to insufficient cost cutting.
Panasonic Automotive Systems’ operating profit for full year 2011 plunged to JPY4.9bn (US$61.2m) from JPY22.7bn a year ago due mainly to insufficient cost cutting.
Sales increased 7% to JPY653.2bn on strong sales of components and devices for eco-cars including batteries for hybrids.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
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