Continental AG, maker of tires and automotive components, is branching out into the automotive electronics business. The German company, known for its safety parts and electronic stability control systems, is planning on buying Motorola's auto electronics unit for a reported $1 billion. Antitrust approval is pending, but Continental expects to ink the deal by the end of second quarter.

Motorola's auto electronics unit took in $1.6 billion in revenue last year and employs around 4,500 workers.

[Source: Bloomberg]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X