Motorola Sells Automotive Electronics Unit German Company to Pay $1 Billion for Operations

By Kane, James | Daily Herald (Arlington Heights, IL), April 4, 2006 | Go to article overview
Save to active project

Motorola Sells Automotive Electronics Unit German Company to Pay $1 Billion for Operations


Kane, James, Daily Herald (Arlington Heights, IL)


Byline: James Kane Daily Herald Business Editor

Motorola Inc. said Monday it is selling its Deer Park-based automotive electronics business to Continental AG of Germany for $1 billion.

Continental also is buying the office building and it plans to keep on the 800 employees there, who work in areas such as development, engineering, marketing and operations.

Continental sees a promising future for the telematics business whose international headquarters will be in Deer Park, said Karl- Thomas Neumann, president of Continental Automotive Systems, a division of Continental AG.

"This place is very important to us. We want to grow in North America," Neumann said, adding that Continental, with 80,000 employees, is the second-biggest automotive supplier in Europe and in the top 10 worldwide. The acquisition will double its U.S. business.

Motorola's automotive electronics business has 4,500 employees and had nearly $1.6 billion in 2005 sales.

Motorola decided to get out of the business because it lacked the scale and category leadership to compete in a consolidating industry, said Greg Brown, Motorola's president of networks and enterprise businesses.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Motorola Sells Automotive Electronics Unit German Company to Pay $1 Billion for Operations
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?