Audi, BMW and Daimler team up to acquire technology that could prove invaluable in race to develop driverless cars

Three German carmakers have put their rivalries aside by teaming up to acquire a €2.8bn (£2bn) mapping business from Nokia, as they attempt to avoid being outsmarted by technology groups in the race to cash in on the driverless car revolution.

Amid speculation that the likes of Uber, Amazon and Apple were preparing bids, Nokia, the Finnish communications group, agreed a deal to sell its Here unit to the consortium of Audi, BMW and Daimler, the Mercedes owner.

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Source: The Guardian Circular Economy RSS