Panasonic Corporation is looking to sell non-core money-making business units to raise cash, Panasonic's President, Kazuhiro Tsuga told reporters. Panasonic may also squeeze wages and seek joint ventures in its semiconductors and other wages and seek joint ventures in its semiconductors and other struggling operations in a bid to rekindle profit growth, Tsuga added. Tsuga also said that he would pursue strategies to expand business-to-business sales of car batteries, in-flight entertainment systems, hydrogen cells, solar panels and LED lighting.