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Audi, BMW, Daimler buying Nokia's HERE map business in deal valued at 2.8 billion euros
2015-08-06 06:00:16| Wireless - Topix.net
A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.'s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp. The company said it expects to receive slightly over 2.5 billion euros from the sale, with the purchasers being compensated for HERE liabilities totalling nearly 300 million euros.
Tags: map
business
deal
buying
Audi, BMW, Daimler buying Nokia's HERE map business in deal valued at 2.8 billion euros
2015-08-06 04:08:47| Telecom - Topix.net
A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.'s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp. The company said it expects to receive slightly over 2.5 billion euros from the sale, with the purchasers being compensated for HERE liabilities totalling nearly 300 million euros.
Tags: map
business
deal
buying
China sales fall hits BMW profits
2015-08-04 12:57:34| BBC News | Business | UK Edition
A drop in sales in China and investment in new vehicles hits German luxury car maker BMW's second-quarter profits.
BMW launches BMW i ChargeForward pilot in SF Bay Area
2015-08-04 11:55:30| Green Car Congress
BMW Q2 earnings slip on China, costs for new models
2015-08-04 11:18:16| Auto Dealers - Topix.net
" German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher launch costs for new vehicles and a tougher market in China, a major pillar of its profits. The company said Tuesday that net profit fell to 1.75 billion euros from 1.77 billion euros in the April-June quarter of last year.
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