Jaguar Land Rover vehicles to use BlackBerry software

Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to Jaguar Land Rover. (Reuters)
Updated 22 March 2018
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Jaguar Land Rover vehicles to use BlackBerry software

BENGALURU: Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd’s infotainment and security software in its vehicles, the companies said on Thursday.
The licensing deal with Tata Motors Ltd’s JLR is the Canadian firm’s latest in the automobile industry following agreements with Qualcomm Inc, Baidu Inc. and Aptiv.
Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to JLR.
The Waterloo, Ontario-based company has sought to reinvent itself after the collapse of its smartphone business, focusing on a rapidly changing auto industry that is racing to add more autonomous features and ultimately build self-driving cars.
BlackBerry’s shares have risen more-than 80 percent in Toronto in the past year.
The QNX unit, which has long been used to run car infotainment consoles, is expected to start generating revenue in 2019.
“Connected and autonomous vehicles will react and drive based on rich data. Our platforms help process data efficiently and keep it secure and trusted,” said John Wall, general manager of BlackBerry QNX.
JLR, which was bought by the Tata group in 2008, said last year that all its new cars would be available in electric or hybrid versions from 2020.
Britain’s biggest carmaker said in January it would open a software engineering center in Ireland to work on advanced automated driving and electrification technologies.


Potential SABIC deal would affect Saudi Aramco IPO time frame, says CEO Nasser

Updated 20 July 2018
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Potential SABIC deal would affect Saudi Aramco IPO time frame, says CEO Nasser

JEDDAH: A potential deal to buy a stake in petrochemical maker SABIC would affect the time frame of Saudi Aramco's initial public offering (IPO), the oil firm's president and CEO Amin H. Nasser said Friday. 

The IPO of around 5 percent of Aramco, which was initially to take place this year but is now more likely to happen later, would be the world's biggest listing, raising up to $100 billion.

Nasser said that buying a stake in a chemical company like SABIC would positively affect Aramco's revenue, Al Arabiya reported.

“We are still in the very early stages of the discussion to buy a stake in SABIC,” the Aramco CEO said.

“Aramco is ready for the initial offer and the timing remains subject to the state's decision.”

Saudi Aramco said on Thursday it is looking at the possibility of buying a stake in SABIC, a move that could boost the state oil giant’s market valuation ahead of the planned IPO.
Aramco said in a statement that it was in “very early-stage discussions” with the Kingdom’s Public Investment Fund (PIF) to acquire the stake in SABIC via a private transaction. It has no plans to acquire any publicly held shares, it said.
In a separate statement, PIF also said talks about a sale were in early stages. “There is a possibility that no agreement will be reached in relation to this potential transaction,” it said.