Panasonic and Apollo partner for Panasonic Automotive Systems business

ATI News Team

Continued investment will be necessary to achieve sustained growth for PAS, especially in software development and electrification

Panasonic Holdings Corp. (PHD) has signed a memorandum of understanding with an affiliate of Apollo Global Management to become a strategic partner in the Panasonic Automotive Systems (PAS) business, a company press release dated Nov. 17 said.

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