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.

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Car producers are aware of the growing competition from Google. Which gives its Google Maps for free for public as well is also currently developing its Driverless Cars .

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.

On the Official blog of HERE , company said the car manufacturers would also be “suppliers of data”, giving the maps up to date information on driving patterns and traffic conditions.

Via : TechCrunch 

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