business

Panasonic to sell some Sanyo operations to China's Haier Group

16 Comments

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© 2011 AFP

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16 Comments
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Not a good move for Japan and its future.

-3 ( +1 / -4 )

True, but Sanyo wasn't exactly making the best consumer products either. Now, it'll go from crappy to just downright garbage.

-2 ( +1 / -3 )

Hopefully that will make those lousy Haier products a little bit more energy-efficient.

-1 ( +0 / -1 )

economic tsunami, couldn't spare Panasonic/Sanyo sister concerned companies.

0 ( +0 / -0 )

I figured so when Panasonic bought out Sanyo well excess had to go! I feel sorry for the Sanyo employees. On the up turn I know the top dude that distributes Haier here in Japan, Congrats bro!

-1 ( +0 / -1 )

Bad move

0 ( +1 / -1 )

Sanyo is/was a very innovative manufacturer with lots of high quality products. I have bought and owned their products for more than 40 years: audio equipment, rice cookers, refrigerators, washing machines, fax machines, air conditioners, TVs, etc. The way Panasonic is dumping all this is not only sad but also irresponsible.

-1 ( +0 / -1 )

It's a good move. Washing machines and fridges are not such a good business any more for them. Sanyo's strength is in battery and energy sectors.

-1 ( +0 / -1 )

@presto345 may be your 'love' for Sanyo products was because of price factor.

The way Panasonic is dumping all this is not only sad but also irresponsible

not irresponsible rather Panasonic may be looking forward to higher prices and bigger profits.

1 ( +1 / -0 )

The rare move of a Chinese buyout of key units from a major Japanese manufacturer comes as Panasonic looks to streamline operations with Sanyo, its wholly-owned subsidiary

Expect Chinese acquisitions in Japan to be less "rare" in the future. The economic tide hasn't just turned, it is rushing in the direction of China and Japan needs to recognize that.

-3 ( +0 / -3 )

Whenever I mention the rise of China to anyone in Japan, they either don't know what I am talking about, or just sort of change the subject. Head in the sand, for sure, and an attitude across the board that has already spelled the end of this island.

-3 ( +0 / -3 )

Whenever I mention the rise of China to anyone in Japan, they either don't know what I am talking about, or just sort of change the subject. Head in the sand, for sure, and an attitude across the board that has already spelled the end of this island.

TimeiClic -- agreed. I had a colleague who is in the hospitality business tell me the staff of one of his properties did not want to target the Chinese tourists because they felt they were too loud and vulgar. Likewise, if Japan Inc. keeps all the anti-takeover laws in place to keep out foreign investment/ownership, the country will suffer as Chinese businesses and investors will go elsewhere with their capital.

-2 ( +0 / -2 )

I agree, japan will become the next US. Owing a bunch of money and decaying to china.

-1 ( +0 / -1 )

I agree, japan will become the next US. Owing a bunch of money and decaying to china

Heythia -- LOL. Japan would wish it could be the "next U.S.". Japan's debt level is several times the size of the U.S. as a percentage of GDP. And the U.S. economy, while slowly recovering, is still what Japan relies on for its growth.

-3 ( +0 / -3 )

China is on a roll, i plan to move to Japan i pray they dont end up like U.S. in debt out the brown hole and to arrogant to do the right thing

0 ( +0 / -0 )

Actually, America's future liabilities make its debt over 1,000% GDP, and China is in a housing bubble that will crash. Japan buys Chinese companies more than the other way around, why no talk about that?

-1 ( +0 / -1 )

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