Audi, BMW and Daimler to co-acquire Nokia mapping subsidiary
HERE offers a multitude of services based on historic and real-time traffic movement data, including last-mile navigation and the ability to predict delays based on the user’s normal routes and departure times. Jaguar is using HERE's mapping data in the new XF.
The company is also developing a cloud-based platform for sharing data from vehicles’ on-board sensors, which would give an even more accurate view of how the road network is flowing and conditions ahead, possibly utilised by in-car systems and overhead gantries. This mapping and traffic flow data is also the foundation for driverless vehicles.
Audi, BMW and Daimler will each hold an equal stake, with the transaction expected to close in the first quarter of 2016. Management will continue to be independent, aiming to develop an open-access platform, and HERE’s new owners will not interfere with operational business.