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TRANSFORMER Under President Kazuhiro Tsuga, Panasonic has been shifting away from consumer-oriented sectors and embracing business clients instead.
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Panasonic President Kazuhiro Tsuga has promised to shut or sell businesses operating at below a 5 percent margin.
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Though Musk's comments are unpredictable, Panasonic will continue to monitor Tesla's operations and closely cooperate with the company, Tsuga said.
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The move is in line with the strategy adopted by company President Tsuga since he took charge in June 2012.
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Restructuring costs may increase from the planned ¥41 billion announced in May, company president Kazuhiro Tsuga told reporters in Tokyo yesterday.