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

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