In Brief: Motorola completes auto electronics sale

Jul 03, 2006

Motorola has completed the $1 billion sale of its automotive electronics business to Germany's Continental AG.

The company said Monday that the unit was turned over to Continental Automotive Systems during the weekend, although the transfer of employees and assets in China was still going through the regulatory process.

Among those devices Motorola produces include various electronic vehicle sensors and mapping equipment for vehicles.

The sale to Continental was announced last April.

Copyright 2006 by United Press International

Explore further: Alibaba surges in Wall Street debut

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0