In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia’s Here mapping technology.
The consortium of German automakers hoping to buy Nokia's Here mapping division may have won with a bid for the equivalent of about $2.7 billion. The official details of the purchase haven't been made public, and some insiders claim the negotiations aren't done yet.
Daimler, BMW, and Audi are teaming up to submit a bid for Here, Nokia's mapping division. However, they are taking on some some very powerful tech companies, including Uber and possibly Apple.
Nokia Here is working to develop new high-definition maps for autonomous vehicles, using a combination of satellite and GPS data, as well as "anonymized probe data" from trucking companies. All of that and a fleet of some 200 vehicles equipped with Lidar sensors, allowing resolutions down to the centimeter.
Not long ago one of the world's top cellphone makers, Nokia recently completed the sale of its phone unit to Microsoft. Now, it's looking for a new business to focus on, and may have found it in the form of vehicle-to-vehicle communication, mapping and other cutting-edge auto tech.