Panasonic on Monday reported quarterly gains in profits and sales thanks to a strong performance in its auto-related sector, confirming the Japanese electronics mainstay is on course for recovery. The Osaka-based company is best known abroad for electronics, but has shifted to other sectors, including energy and an auto division that makes products from electrical … Read more
Three decades after it abandoned vinyl production, Sony says it will start making records again on the back of surging demand for the retro music format. A factory southwest of Tokyo will be churning out freshly pressed records by March next year, Sony Music Entertainment said Thursday. The Japanese giant stopped making vinyl records in … Read more
Tesla sold more than 25,000 vehicles in the first quarter, a record that beat analysts’ forecasts, the electric carmaker said on Sunday. The Palo Alto, California-based carmaker saw deliveries bounce back by 69 percent compared to a rough first quarter in 2016. Tesla produced 25,418 vehicles, a bit above its prior record in the third … Read more
China’s giant Tencent Holdings has taken a five percent stake in the Tesla electric car company as it moves to ramp up production, according to an official filing Tuesday. Tencent paid about $1.8 billion for the small share of Elon Musk’s company, according to the document filed with the US Securities and Exchange Commission (SEC). … Read more
Tesla reported on Wednesday that it slipped back into the red in the recently ended quarter while revenue revved, with orders for some of electric car models hitting record highs. The company forecast that demand for its cars would show strong growth in the first half of this year, and shares rose more than 1.5 … Read more
Japan’s former winners Gamba Osaka dominated their AFC Champions League Group H match, outclassing Australia’s Adelaide United 3-0 in Adelaide on Wednesday. Gamba, the last Japanese club to lift the trophy with their final victory over Adelaide in 2008, were too organised and skilful for the inexperienced Reds team. Tall striker Shun Nagasawa put the … Read more