Top car producing company’s like Audi, BMW and Mercedes’ parent company Daimler have teamed up to buy Nokia HERE maps for for €2.8 billion ($3.07 billion). Company confirmed that it will hand the business over to AUDI AG, BMW Group and Daimler AG (Mercedes) in a deal that is expected to close in the first quarter of next year.
Extremely precise digital maps will be used in combination with real-time vehicle data in order to increase road safety and to facilitate innovative new products and services – manufacturers said.
HERE is used in 80 per cent of sat-nav systems in Europe and America, would continue to be independent and the consortium would not interfere with operations.
Via : TechCrunch