Panasonic Holdings Corporation(“PHD”) and Apollo Global Management, Inc.(“Apollo”) signed today a share purchase agreement and a shareholder agreement with respect to business of PAS and released to become strategic partners in PAS’ business.
Panasonic Holdings Corporation) has announced on November 17th, 2023, that it has reached a basic agreement with Apollo Global Management Inc. a global asset management company, to become a joint partner in Panasonic Automotive Systems Co., Ltd. (herein after “PAS”) business.
Panasonic Automotive Systems Co., Ltd. in Tsuruga is promoting the Panasonic Group company-wide project, Gemba (operational frontlines) Innovation, ahead of other manufacturing sites.
CEO explains the background of the term "Heartmotive" and the thoughts behind it.