Panasonic announces $256 million investment in Tesla's U.S. solar cell plant

(By Taiga Uranaka and Makiko Yamazaki, Reuters) – Panasonic Corp will invest more than $256 million in a New York production facility of Elon Musk’s Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies. Japan’s Panasonic, which has been retreating from low-margin consumer electronics to focus more on automotive components […]