Panasonic plans to invest $1 billion by 2012 to develop green technologies for the home that would include energy-monitoring systems, marking a major shift in the company's focus.
Panasonic President Fumio Ohtsubo said in an interview with the Bloomberg news service this week that growing consumer interest in more efficient products has led Panasonic to decide to develop new core businesses.
"Our growth is not enough compared to Samsung. So we want to change our fighting ring from our current categories to a different field," Ohtsubo told Bloomberg.
The company plans to offer home energy management systems, … Read more