Latest News
- FanCode Brings The 2024 DTM Season To India With Exclusive Broadcast Rights
- Lamborghini Urus SE: Pioneering The Future With Plug-in Hybrid Super SUV
- Hyundai Secures Top Spots In U.S. News Best Hybrid And Electric Cars Awards
- 2024 Jeep Wrangler Facelift Launched In India - Prices Start At Rs 67.65 Lakhs
- Hyderabad To Launch India's Largest Automated Car Parking Structure
- Subaru Motorsports Clinches Victory At Olympus Rally Amidst Adverse Conditions
- Price Hike Alert: Jeep & Citroen Cars To Become More Expensive In India
- 2024 Jeep Wrangler Facelift Video Review: Off-Roading Specialist Gets More Friendly
- MINI Unveils Aceman Electric Crossover: Urban Mobility Redefined
- Johnny Campbell To Lead Exciting Honda True Adventure Motorcycle Tour
Nokia Here To Be Purchased By German Manufacturers For USD 3 Billion
Select German automobile manufacturers have decided to go ahead and acquire Nokia's navigation business. The deal is worth approximately USD 3 billion.
Nokia Here will be acquired by Audi, BMW and Daimler, and an official announcement will be made soon. This will provide better car connectivity to digital services for future vehicles.
Several other automotive brands will also be allowed to invest in Nokia Here. This will only take place post the deal is confirmed with the German trio primarily.
Nokia currently has only three working business post its sale of mobile device to Microsoft. The Finland-based company based Nokia Here is on an acquisition of Navteq, which was developed in US.
Google Maps is the biggest competitor to Nokia Here, however, both are doing well in respective fields. Google is dominating mobile devices, while Nokia Here is popular in car navigation units.
An announcement on the final deal will be made on 3rd of August, 2015. Nokia Here and the German automobile brands will officially announce the acquisition of mapping services.