BMW, Audi, and Daimler just bought this technology for self-driving cars - Fortune

The offer is actually directed at "secur[ing] the particular independence associated with this central service regarding all vehicle manufacturers, suppliers and http://thechumslick.com also clients in some other industries."



Nokia has been looking to shed its mapping division as section of its integration using Alcatel-Lucent, which in turn it purchased within April.

The BMW Group, Audi AG, as well as Daimler AG will maintain equal stakes in HERE. There's speculation that the German automakers' buy involving HERE might prompt HERE's existing clients in order to embrace Google's technology instead.. Purchasing the mapping technologies enables the vehicle companies for you to offer new premium features--including self-driving capabilities--in his or her luxury vehicles, which gives these people a better hand within their on-going battle against parts suppliers as well as software rivals in Uber, Google

GOOG

, as well as Apple

AAPL

.

A consortium regarding German premium carmakers agreed Monday to purchase HERE, Nokia's maps business, for about $2.8 billion in the transfer geared towards boosting their particular cars' autonomous driving capabilities.

Self-driving cars depend on mapping systems for you to steer clear of targeted traffic jams or accidents and additionally to locate electric charging stations.

HERE materials digital maps to most of the actual world's best automakers also to companies similar to Amazon

AMZN

, Yahoo

YHOO

, and also Baidu. Its primary competitor is actually Google Maps. they pooled their particular resources in order to outbid some other interested acquirers within Silicon Valley along with China, in accordance with Reuters.

"High-precision digital maps are a crucial component with the mobility with the future," Dieter Zetsche, CEO along with chairman regarding Daimler AG, stated in a statement

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