Panasonic Corp. said Monday it expects net profit to rise 27.2 percent to 210 billion yen ($1.9 billion) in the current business year through next March, helped by growth in its automotive segment that supplies electric vehicle batteries to U.S. giant Tesla Inc.The expected recovery would follow a year in which the coronavirus pandemic has dented demand for Panasonic in-flight equipment with aircraft production stalled, sending total sales for fiscal 2020 below the 7 trillion yen mark for the first time in 25 years to 6.70 trillion yen. Net profit in the year ended March slumped 26.9 percen…READ FULL ARTICLE
