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.


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