- Related Stories
-
Rokr iTunes phone, iPod Nano unveiled
September 7, 2005 -
Powering a new generation of cars
September 2, 2005 -
Motorola expects $780 million Nextel windfall
August 22, 2005 -
Car crazy: Microsoft in the driver's seat
October 21, 2004
Motorola spokesman Jeff Madsen declined to comment on a potential sale.
Motorola's automotive unit makes telematics systems (in-car communications) used in GM's OnStar vehicle navigation systems, as well as sensors used in steering, braking, and power doors and windows. The company also makes under-the-hood controllers, including sensors that alert drivers to oil pressure problems.
GM, Ford and DaimlerChrysler are three of Motorola's largest automotive contracts, Madsen said.
Motorola's automotive group reported revenues of $1.68 billion in 2004 as a part of Motorola's $31.3 billion total revenue last year.
Madsen said sales for the automotive division in the first quarter were down due to softer sales by North American automobile manufacturers. Second-quarter sales were also down, but only slightly compared with sales in 2004.
Profitability for Motorola's automobile division is improving. While Madsen said the group did not post a first-quarter profit in 2005, profit in the second quarter stabilized.
Shares of Motorola closed down 20 cents, or less than 1 percent, at $23.67 on the New York Stock Exchange.
See more CNET content tagged:
Motorola Inc., telematics, division, sale





-----------
kimbail
<a href="http://www.bikenut.com.au/motorcycle-transport-motorbike-transport-services.php" rel="dofollow">motorcycle transport</a>