Panasonic’s Auto Unit Expects to Add up to $3.6 Billion in New Revenue

OSAKA, Japan—Panasonic Corp.’s auto business on Friday said it expected to add up to $3.6 billion in new revenue in the next two years through mergers and acquisitions that would give it new technologies as part of its drive to become a major supplier for cars of the future.

The Osaka-based company said it is considering acquiring or collaborating with companies that could help supplement its existing technologies in areas such as...