Friday, May 11, 2018

Electric Cars = #GreenEnergyBoondoggle



From NHK Friday May 11, 2018 report:

















Japanese electronics maker, Panasonic, has posted strong earnings for the [fiscal] year that ended in March and executives are forecasting even better times ahead.  Sales in FY2017 rose 8.7% from a year earlier to make about $73 billion.














And net profit jumped almost 60% .  It was the first time in four years that the firm has logged increases in both revenue and profit.  Executives point to rising demand for its car batteries and other vehicle related products.  They're also predicting a good Fiscal2018















Sales are expected to grow 4% and net profit 5.9%.  The company is counting on battery shipments to US electric vehicle maker Tesla and other automakers to push revenues higher.  Sales of electric motors are also expected to increase.





No comments :

Post a Comment