Panasonic invests in Tesla
Panasonic Corp. said it has invested $30 million in electric-car maker Tesla Motors Inc. in order to cement its relationship with a notable start-up in the fledgling electric-vehicle market and expand its own push into green energy businesses.
Panasonic Corp. returned to profit in its fiscal third quarter aided by cost reductions and a domestic stimulus program that provided incentives for consumers to switch to more energy-efficient appliances and televisions.