Matsushita To Take Panasonic Name
Matsushita Electric Industrial Co., the parent company of Panasonic, announced Thursday that it will, in effect, become its best-known product, changing its name to that of Panasonic later this year, the Wall Street Journal reported.
In a statement, the company said the move was “a step forward to make the company a truly global corporation.” The change will be submitted to shareholders for a vote in June.
In addition, the company announced that it was investing the equivalent of $856.3 million for semiconductor production in Japan.
- Companies:
- Panasonic
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