Big Changes Tipped at Panasonic and Sanyo

Reporting in Tokyo last Friday night, Panasonic said that they are set to invest $3.3 billion into developing a new energy offering built around their recent investment in Sanyo. They are also set to spend an additional $2.2 Billion over the next three years growing their consumer electronics business and that the two companies are now embracing each other in an effort to grow profits and market share.

Their energy investment will go into what Panasonic calls its "flagship" energy systems business, which also includes Panasonic's existing fuel cells unit. More on this.