Panasonic nears deal to outsource TV production to China’s TCL

Panasonic nears deal to outsource TV production to China’s TCL

OSAKA — Panasonic is poised to outsource production of televisions to Chinese rival TCL, the world’s third-largest TV maker, in the Japanese electronics group’s latest move to cut costs in a segment where its brand has faded, Nikkei has learned. The two sides are negotiating the scope of the production contract, with Panasonic aiming to reach an agreement as soon as next month. Panasonic follows other leading Japanese brands in ditching or scaling down TV manufacturing, once a major field…