Rumor Mill: Motorola to sell telematics division

According to a report in The Wall Street Journal, Motorola has hired JP Morgan Chase to look into selling the company's 5,000-employee telematics unit. Insiders say the division could fetch between $1 billion and $2 billion. The companies have not confirmed the report. Insiders expect a private-equity firm to purchase the business. Motorola's telematics division develops vehicle navigation and safety services, as well as sensors for power doors, windows, steering, and braking systems. The unit reported sales of $1.68 billion last year.

For more details on Motorola's rumored sale:
- read this story from News1

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