Panasonic To Turn Sanyo, Panasonic Elec Works To 100% Units

Panasonic Corp. plans to transform Sanyo Electric Co. and Panasonic Electric Works Co. into wholly owned subsidiaries as early as this year at an estimated combined cost of over 900 billion yen, according to Nikkei. By making both firms 1005 units, Panasonic aims to unify management and concentrate resources in such areas as rechargeable batteries and home-use goods.