Motorola may sell automotive electronics business

In September 15th, the Wall Street Journal reported that the automotive electronic business mobile phone giant Motorola company may sell with 5 thousand employees. The Motorola company has commissioned JP Morgan Chase Bank (J.P. Morgan Chase & Co.) to deal with the matter, allegedly, the sale may cause huge interest in the Private Equity Firm, quoted at $1 billion to $2 billion. Motorola automotive electronics business unit manufacturing telematics products for automotive navigation and security services, and sensors for handling, braking and power windows and doors. 2004 operating income of $1 billion 680 million, accounting for about 5% of Motorola's total revenue last year.

However, the automotive electronics business is Motorola's largest business - the light of the mobile phone business shrouded. In addition, the rising cost of raw materials brought about by the increase in the cost of car manufacturing and consumer demand for car prices led to the car manufacturers were forced to reduce the use of automotive electronics.

In Motorola's new chief executive Ed Zander to complete the second business sectors, more than a year after the stripping semiconductor department, the Motorola company will sell automotive electronics business rumors have never stopped.

Motorola spokesman said the company did not intend to comment on the rumors, J.P. Morgan did not immediately respond to this rumor.