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A consortium of German automakers which include Audi, BMW, and Mercedes-Benz have agreed to buy Nokia's HERE mapping business for around $3.1 billion dollars. The deal is currently pending approval of antitrust authorities. If the deal is given the go-ahead, the three automakers will own a stake by... -
Audi, BMW, and Mercedes-Benz Buy Nokia's HERE Maps
William Maley posted an article in Automotive Industry
A consortium of German automakers which include Audi, BMW, and Mercedes-Benz have agreed to buy Nokia's HERE mapping business for around $3.1 billion dollars. The deal is currently pending approval of antitrust authorities. If the deal is given the go-ahead, the three automakers will own a stake by... -
Earlier this week saw a big announcement from Volvo. The Swedish automaker has purchased a part of Polestar Performance - the company behind some of the hottest Volvos in recent years. The deal will have Volvo taking in Polestar Performance division and the Polestar trademarks. The racing arm of Pol...
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Earlier this week saw a big announcement from Volvo. The Swedish automaker has purchased a part of Polestar Performance - the company behind some of the hottest Volvos in recent years. The deal will have Volvo taking in Polestar Performance division and the Polestar trademarks. The racing arm of Pol... -
Sooner or later self driving cars are going to come on the market IMO, with some companies like Google already investing in developing them. The million question however is whether people will buy them or not. So, what about you, would you buy one if some manufacturer were selling them already?
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The price for a barrel of oil has nosedived over the past half a year or so, and that has started to be felt at the pump, with petrol and diesel prices being significantly lower than they were a year ago. Will this change drivers' behaviour, steering them toward gas guzzlers again because they'll be...
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By William Maley Staff Writer - CheersandGears.com May 30, 2013 According to Bloomberg, Fiat is reportedly seeking $10 Billion in financing to buy out the remaining 41.5% of Chrysler that is being held by the retiree trust of the United Auto Workers and refinance the two automakers' debt. Fiat h... -
By William Maley Staff Writer - CheersandGears.com May 30, 2013 According to Bloomberg, Fiat is reportedly seeking $10 Billion in financing to buy out the remaining 41.5% of Chrysler that is being held by the retiree trust of the United Auto Workers and refinance the two automakers' debt. Fiat h...
