Nokia’s Here Maps sold to BMW, Daimler and Volkswagen

After months of negotiation, Nokia sells the HERE Maps division to the German consortium, BMW, Daimler and Volkswagen for US$2.71 billion, according to the BMW blog. The3 news has yet to be confirmed by Here or the other auto makers. The deal would see HERE Maps turn into an open platform, which all car manufacturers can use for navigation and mapping inside vehicles. The three German car makers plan to offer the platform to Fiat Chrysler, Renault, Peugeot, Ford, Toyota and General Motors, allowing them
July 28, 2015 Read time: 2 mins
After months of negotiation, 183 Nokia sells the 7643 Here Maps division to the German consortium, 1731 BMW, 2069 Daimler and 994 Volkswagen for US$2.71 billion, according to the BMW blog. The news has yet to be confirmed by Here or the other auto makers.

The deal would see Here Maps turn into an open platform, which all car manufacturers can use for navigation and mapping inside vehicles. The three German car makers plan to offer the platform to 1674 Fiat 1958 Chrysler, 2453 Renault, Peugeot, 278 Ford, 1686 Toyota and 948 General Motors, allowing them to use the mapping service for free without licensing issues.

Nokia is selling the entire division of Here, meaning the car consortium is likely to continue hiring developers to work on the platform.

Currently, companies like Chinese search giant Baidu and Facebook use Here Maps to power its own mapping services. It remains to be seen how the new deal will affect those services.
Location Based Systems

For more information on companies in this article

Related Content

September 4, 2013

Nokia sells device business to Microsoft, but retains Here

Nokia Corporation has signed an agreement to sell substantially all of its devices and services business and licence its patents to Microsoft for US$7.1 billion in cash, payable at closing. Following the transaction, Nokia plans to focus on its three established businesses: NSN network infrastructure and services; Here mapping and location services; and Advanced Technologies technology development and licensing.
January 15, 2015

Google in talks with world car makers on autonomous cars

Google has begun discussions with most of the world's top automakers and has assembled a team of traditional and non-traditional suppliers to speed up efforts to bring self-driving cars to market by 2020, a top Google executive has said. Those manufacturers are said to include General Motors, Ford Motor, Toyota, Daimler and Volkswagen. "We'd be remiss not to talk to ... the biggest auto manufacturers. They've got a lot to offer," Chris Urmson, director of Google's self-driving car project, said in an
November 7, 2014

Electric car value chain overturned

The market for hybrid and pure electric cars homologated as such is set to be US$188 billion in 2025 according to IDTechEx analysis. However, according to Dr Peter Harrop, chairman of IDTechEx, the world has changed for cars overall and now big is not always beautiful for mainstream car manufacture. EVs will reflect this. Although Sergio Marchionne, boss of Fiat Chrysler, famously said six million units a year is needed for a car maker to be profitable, his head of research Pietro Perlo left to successf
boombox1

Highlighted Content

boombox2