Eugene David ...The One-Minute Pundit |
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Tuesday, October 30, 2007
Remember how we gave the store away in consumer electronics and white goods? Well look what's happened to the company that can't make up its mind what its name is, Matsushita Electric Industrial...er, Panasonic:
Costs for a massive cell-phone battery recall helped depress profit for the second fiscal quarter 17 percent at Matsushita.... Last month, a fire broke out in a Matsushita plant in Osaka that makes lithium-ion batteries. The company is investigating the cause of the fire. Repairing the plant will cost 2 billion yen ($17.4 million), and the plant will resume part of its operations Nov. 1, Matsushita said. Matsushita also recently replaced faulty parts in driers, massage chairs, microwaves, refrigerators and other products, adding to such extra expenses, it said. With that kind of "quality control" how can such a company stay in business without pushing products mindlessly out the door -- the way OURS did?
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