BlackBerry sells its German-based R&D assets

July 3, 2014

BlackBerry is selling its research and development department in Germany to Volkswagen Infotainment, a subsidiary of the automaker that makes interactive technology for vehicle dashboards.

The companies said Thursday that the deal will shift about 200 BlackBerry employees in Bochum, Germany, to Volkswagen. The terms of the were not disclosed.

The move comes as the Ontario-based company looks to become profitable by its 2016 financial year.

BlackBerry has centralized most of its vehicle connectivity development at its QNX Software Systems division in Ottawa, Ontario.

Volkswagen will assume BlackBerry's offices leases at the Bochum University Center and the Design Support Lab.

BlackBerry Ltd., formerly known as Research In Motion, was once Canada's most valuable company with an $83 billion in June 2008, but the stock has plummeted since.

Explore further: BlackBerry ending US licensing deal with T-Mobile (Update)

Related Stories

Amazon Appstore opens to BlackBerry users

June 18, 2014

Canadian smartphone maker BlackBerry announced Wednesday a deal with Amazon giving its users access to more than 240,000 software applications from the online retailer's Appstore.

BlackBerry co-founder trims stake after huge loss

December 25, 2013

BlackBerry co-founder Michael Lazaridis has trimmed his stake in the troubled smartphone pioneer to just below 5 percent after selling 3.5 million shares during the past two days.

BlackBerry revenue falls below a $1 billion (Update)

March 28, 2014

BlackBerry reported a steep drop in profit and revenue Friday as it transitions from a smartphone company to a software business under its new chief executive. Shares rose five percent in morning trading as CEO John Chen ...

Recommended for you

AI and 5G in focus at top mobile fair

February 24, 2018

Phone makers will seek to entice new buyers with better cameras and bigger screens at the world's biggest mobile fair starting Monday in Spain after a year of flat smartphone sales.

Google Assistant adds more languages in global push

February 23, 2018

Google said Friday its digital assistant software would be available in more than 30 languages by the end of the years as it steps up its artificial intelligence efforts against Amazon and others.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

COCO
not rated yet Jul 07, 2014
too bad but c'est la vie

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.