Tuesday, September 2nd14.6°C
22817
22805

BlackBerry sells its German-based R&D assets to Volkswagen Infotainment

WATERLOO, Ont. - BlackBerry (TSX:BB) is selling its research and development department in Germany to Volkswagen Infotainment, a subsidiary of the automaker that makes interactive technology built into vehicle dashboards.

The deal will shift about 200 BlackBerry employees in Bochum, Germany, to Volkswagen.

The move comes as the Waterloo, Ont.-based smartphone maker pushes ahead with a plan to become profitable by its 2016 financial year.

Volkswagen will assume BlackBerry's leases for offices at the Bochum University Center and the Design Support Lab.

Research and development centres are typically shrouded in secrecy for competitive reasons, and BlackBerry declined to outline what products it fostered there.

In a statement, BlackBerry said the Bochum centre oversaw hardware, software and mechanical development, as well as certain testing, certification and quality management responsibilities.

BlackBerry chief executive John Chen joined the company last year and began to make dramatic changes that included stripping out parts of the business, selling real estate and laying off employees to cut costs.

He also secured a manufacturing agreement with an outside company and began an aggressive push to improve relationships with longtime government and corporate clients.

BlackBerry has centralized most of its vehicle connectivity development at its QNX Software Systems division in Ottawa.

QNX develops technology for cars and trucks, including dashboard systems that connect directly with a driver's mobile phone and outside networks, but is also working on systems for the health care industry and mining companies.

The company is also participating in BlackBerry's Project Ion, a move to become a leader in the technology that connects everyday things, such as home appliances and smart watches, to wireless networks.

The Canadian Press


Read more Business News

20759


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9162-0.0032
Gold1281.70-2.1001
Oil95.96+1.29
Lumber349.60+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



23057

FEATURED Property
1905706574 Vintage Terrace Road
8 bedrooms 8 baths
$571,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_



22692

22692


Member of BC Press Council


22810