Driver Assistance

Carmakers Buy Nokia Maps for €2.8 Billion

Here-Montage
Here, there and everywhere.
  • Why it matters

    Why it matters

    If the consortium of three German carmakers buys HERE’s mapping service they will not need to depend on Google’s services to provide real-time information about roads and infrastructure.

  • Facts

    Facts

    • HERE was a startup launched in Berlin in 1999 and bought by Nokia in 2006.
    • The consortium of Daimler, BMW and Audi will share Here equally and make its services available to the auto industry and others.
    • HERE posted an operating profit of €28 million for the first half of 2015.
  • Audio

    Audio

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Three of Germany’s biggest car makers – BMW, Audi and Daimler – said Monday that were buying Nokia’s HERE digital mapping service for €2.8 billion ($3 billion) in a move to counter growing intrusions from software giants Google and Apple.

The German automaker consortium’s purchase is a step towards producing intelligent cars and safeguarding the service for the industry and fighting Silicon Valley software makers that are beginning to move into the auto business.

HERE uses data provided by vehicles, devices and infrastructure to build high-definition maps and links them with cloud technology to provide real-time information.

Such maps will be critical for the the car industry in the future and real-time information will enable autonomous cars to avoid collisions and calculate alternative routes in case of heavy traffic or accidents.

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