Panasonic camera

                                   Lumix is Panasonic's brand of digital cameras, ranging from pocket point-and-shoot models to digital SLRs. Many Lumix models are fitted with Leica lenses that have been designed by Leica's German optical engineers and are assembled in Japan, some are rebadged as Leica cameras with different cosmetic styling. Leica had a similar relationship with Minolta in the past, where late model Leica SLRs (and some 35mm point and shoot models) were strongly based on Minolta bodies.
                                    Most Lumix cameras use different releases of the Panasonic Venus Engine for digital image processing; the original version was followed by II, III, IV, HD (2008), V (2009), and VI, HD II (2010).
                                   Panasonic produces all of Leica's branded digital point and shoot cameras in Japan, but not film cameras, the Leica M8 or Leica M9 digital rangefinder cameras, or the Digital Modul R digital camera back for the Leica R9 film SLR.
                                Some cameras come in several colours, indicated by a suffix letter: K is black, S silver, A blue, R red, W white. Most lower-price cameras have small sensors of about 10.2 mm / 1/2.5". More expensive ones often have sensors of about twice the area, 14.1 mm to 15.4 mm / 1/1.65" to 1/1.8". dSLRs and Micro Four Thirds cameras have much larger sensors. Larger sensors produce a better signal-to-image-noise ratio and better dynamic range.
                       Some Panasonic and Leica cameras are more or less the same. The differences, other than the obvious exterior styling, are in the camera firmware. Different application software is also supplied by the two companies with the cameras. Claims regarding differing quality control or weatherproofing are unsubstantiated.
                     The Leica and Panasonic cameras produce the same RAW image, but will process white balance, noise reduction, etc. differently for jpeg output. Lumix cameras are less expensive than their Leica counterparts due to the companies' marketing strategies.
source:http://en.wikipedia.org/wiki/Lumix
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