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In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia’s Here mapping technology.

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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.

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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.

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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.

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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.