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WovenO2

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WovenO2

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Tuesday, 10/07/2014 2:59:32 AM

Tuesday, October 07, 2014 2:59:32 AM

Post# of 86709
PCRFY
Panasonic plans Tesla battery investment
Panasonic's (OTCPK:PCRFY) initial investment in Tesla Motors' battery factory will amount to "tens of billions" of yen, says Chief Executive Kazuhiro Tsuga.Tesla founder Elon Musk said in July that he expected Panasonic to contribute 30%-40% of the battery factory’s total cost, which is likely to reach $5B. Tesla will cover about half the amount.Tsuga also announced that his company would find it desirable for rates to remain stable, and that the dollar rising as high as ¥120 would be "excessive."
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