Comment on German automakers buying Nokia's HERE map business

German automakers buying Nokia's HERE map business

A consortium of German automakers Audi, BMW and Daimler are buying Nokia Corp.'s HERE map business to incorporate into automotive technology and eventually autonomous driving. Monday's announcement gave no price but previous news reports said it might be worth 2.9 billion euros ($3.2 billion). Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp. In a joint statement, the German automakers said HERE is "laying the foundations for the next generation of mobility and location based services." They said, "For the automotive industry this is the basis for new assistance systems and ultimately fully autonomous driving."

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News