Archive for the ‘Finance’ Category

Tesla’s profitable quarter didn’t translate for Panasonic

October 31st, 2018
A Tesla with Panasonic batteries

Enlarge / Visitors inspect a Tesla Co. Model X electric automobile, fitted with Panasonic batteries, on the Panasonic Corp. exhibition stand at the IFA Consumer electronics show in Berlin, Germany, on Friday, Sept. 1, 2017. (credit: Krisztian Bocsi/Bloomberg via Getty Images)

In the third quarter of 2018, Panasonic lost $65 million in the branch of the business that makes battery cells to power Tesla's electric vehicles, according to The Wall Street Journal. The company said it had to add production and hire workers more quickly than expected as Tesla aggressively ramped up to producing 4,300 Model 3 vehicles a week.

In September, the head of Panasonic's Automotive Division said that the company was on track to complete three new production lines at Tesla's Gigafactory in Sparks, Nevada, by the end of the year. That would bring the total number of battery-cell-producing lines at the Gigafactory up to 13.

The Model 3 ramp up that ate into Panasonic's bottom line didn't have the same effect on Tesla, which posted its first profitable quarter in several quarters last week. It shares soared.

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Posted in cars, Energy, Finance, gigafactory, panasonic, Tesla | Comments (0)

SAP forges Internet of Things security partnerships | Inside SAP

November 23rd, 2015

In-brief: SAP AG announced alliances with a string of software and hardware makers to provide end to end security for Internet of Things deployments. Check Point and Intel are among the company’s partners. We noted last week that enterprise systems by the likes of Oracle and SAP are proving to be weak links in the Internet of Things security chain.  That story noted this piece over at VICE’s Motherboard that noted some research suggesting that ERP (enterprise resource planning) platforms are being targeted in attacks on firms in the oil and gas industry. Well, it seems that security in the context of IoT isn’t lost on huge platform vendors like SAP. Note this news from Inside SAP about a raft of new partnerships that seek to address security up and down the chain. Among the companies SAP said it will partner with are Check Point Software Technologies, for “a security architecture designed to […]

Posted in Check Point Software Technologies, connected devices, critical infrastructure, Energy, Finance, healthcare, Intel, Internet of things, partnerships, Patching, Reports, SAP, smart infrastructure, Telecommunications, Top Stories, vulnerabilities | Comments (0)