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Daimler, BMW, Audi consortium nabs Nokia maps for $2.72B

A consortium of German automakers made up of Daimler, BMW, and Audi has reportedly banded together to buy Nokia's Here mapping division for the equivalent of about $2.7 billion. The particulars of the deal aren't yet official but could be announced at the end of July. Reuters claims that this info comes from anonymous insiders speaking to Manager Magazin in Germany. It might be too soon, however, to declare a buyer. Reuters also spoke to two other insiders, and they said that no deal has been completed yet. None of the firms involved has officially spoken about the negotiations. Some of the other bidders for the division have reportedly bowed out. Here is a high-definition digital mapping company that controls about 70 percent of the auto market. The company has a fleet of vehicles with cameras and LIDAR (pictured above) to generate all of the necessary information. It also partners with trucking companies to use their GPS data. Nokia started looking for potential buyers for Here earlier this year. Tech giants that reportedly included Uber and Apple were rumored to be interested, while German automakers also teamed up to submit a joint bid in part to protect their access to the maps. On paper, Here is only valued at around $785 million, but a sale in the billions now seems assured. Related Video: News Source: ReutersImage Credit: Nokia Here Earnings/Financials Audi BMW Technology here nokia here

Audi follows suit with TDI stop-sale

Yesterday, Porsche issued a stop-sale on its Cayenne Diesel, following the news that the Volkswagen Group's 3.0-liter diesel V6 is also fitted with cheating software. Now, according to Automotive News, Audi is issuing a similar stop-sale in the US, but in the case of that brand, it affects more than just one model. Audi's stop-sale covers diesel-powered versions of the 2013-2015 Q7, as well as the 2014-2016 A6, A7, A8, and Q5. All of these models can be had with the 3.0-liter TDI V6, which up until this week's news, was not included in Volkswagen's massive diesel scandal. No recall is currently planned, according to Automotive News. Additionally, Volkswagen has yet to issue a stop-sale on its Touareg TDI, which also uses the 3.0-liter V6. The Touareg TDI can still be found on Volkswagen's consumer site, as of this writing.

Audi EV Lineup To Be Headed By E-Tron SUV | Autoblog Minute

Report from Autocar that Audi plans on assembling a lineup of EV cars starting with the E-Tron SUV. Audi SUV Autoblog Minute Videos Original Video 5g Connectivity transportation mobility e-tron audi e-tron