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The Wall Street Journal
reported Thursday that J.P. Morgan Chase has been hired by Motorola to work on a possible sale of its
automotive-products unit.
The 5,000 employee unit could go for as much as $2 billion, according to the WSJ. The unit posted sales of $1.68
billion last year.
Motorola’s automotive products include telematics systems (navigation, roadside assistance services), as well as a
wide variety of sensors.
The troubled company last year spun off its Freescale semiconductor business.