Tuesday, April 28th5.7°C
25936
24733

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

24910


Recent Trending




Today's Market
S&P TSX15298.76-45.32
S&P CDNX692.60+2.50
DJIA17919.26-118.71
Nasdaq5021.20-39.04
S&P 5002097.42-11.50
CDN Dollar0.8305+0.0034
Gold1205.30+2.00
Oil56.90-0.09
Lumber253.80-2.40
Natural Gas2.505+0.015

 
Okanagan Companies
Pacific Safety0.105+0.025
Knighthawk0.010.00
QHR Technologies Inc1.43+0.03
Cantex0.03-0.01
Anavex Life Sciences0.367-0.028
Metalex Ventures0.095+0.000
Russel Metals27.19+0.14
Copper Mountain Mining1.25+0.00
Colorado Resources0.10+0.01
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.03-0.01
Mission Ready Services0.19-0.01
Decisive Dividend Corporation1.80+0.10

 



25849

FEATURED Property
20948694900 Brenda Mines Road
3 bedrooms 2 baths
$895,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



26069

26069


Member of BC Press Council