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: Apple's fiscal 3Q earnings top analyst forecasts

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Apple's fiscal 3Q earnings top analyst forecasts

57 minutes ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

Verizon 2Q profit rises 93 percent

8 hours ago

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

Ex-Qualcomm exec pleads guilty to insider trading

23 hours ago

A former high-ranking executive of US computer chip giant Qualcomm pleaded guilty Monday to insider trading charges, including trades on a 2011 deal for Atheros Communications, officials said.

User comments : 0