Moving ahead: BMW, Audi and Mercedes' collective bid to buy Nokia's mapping service HERE has been granted US antitrust approval.
BERLIN/FRANKFURT: Germany's Continental and Bosch, the world's largest automotive suppliers, have each bought a 5% stake in digital mapping firm HERE, as the industry pools resources with major carmakers to develop self-driving cars.
Germany's premium automakers BMW, Daimler and Volkswagen's Audi bought HERE for €2.8bil (RM13.49bil) in 2015 from Finnish telecoms group Nokia. They now hold 74%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
