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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

Recharge Wrap-up: BMW Next 100 video, how Nissan "tops off" battery

BMW explains the ideas behind its Vision Next 100 concept car that debuted at the Geneva Motor Show. As BMW celebrates its 100th birthday, it wants to look into the future rather than dwell on its past. This involves the digital and analog worlds working together "to create a seamless experience." Hence the "live geometry," wherein physical parts of the car move to translate digital information to the driver. The video also gets into the future of driving modes, like "Ease," for more autonomous driving, and "Boost," for when the driver wants to take control to enjoy some motoring the good, old-fashioned way. Check out the video above, and read more from Hybrid Cars. Nissan has managed to find a way to boost the range of EV batteries inspired by pouring a glass of beer. The automaker has found that after a full charge, one can wait a few minutes for subsequent "minicharges" to "top off" the battery. The voltage dips slightly, much as the foam does on a pint of beer, allowing the battery to accept some more juice. The result is an extra 0.7 percent of energy, which could mean just enough extra range to reach the next charging station. Read more from Automotive News. Hyundai has delivered its first Tucson Fuel Cell in Ontario, Canada. The lucky recipient is Joseph Cargnelli, Chief Technology Officer of Hydrogenics Corporation, a company based on hydrogen technology. The expansion into Ontario follows Hyundai's trial of six Tucson Fuel Cell vehicles in the Canadian province of British Columbia. Read more at Green Car Congress. Toyota has entered a public-private partnership to test an end-to-end hydrogen supply chain in Japan. The collaboration with the Kanagawa Prefectural Government, the municipal governments of the cities of Yokohama and Kawasaki and three private companies to create renewable hydrogen to power forklifts. It will use wind energy to electrolyze hydrogen, which will then be shipped to a factory, a vegetable and fruit market and two warehouses to be used in the fuel cell-powered vehicles. This supply chain is expected to reduce CO2 emissions by 80 percent compared to traditionally fueled forklifts. Read more from Toyota. Related Gallery BMW Vision Next 100 Concept News Source: Hybrid Cars, YouTube: BMW, Automotive News, Green Car Congress, Toyota Green BMW Hyundai Nissan Toyota Concept Cars Electric Hydrogen Cars Videos recharge wrapup

The new BMW M4 GT4 carries the factory-prepped race torch

Purchasing a factory-prepared race car is a relatively easy thing to do, if you have the means. A number of manufacturers, from Mazda to Porsche, sell cars that are race-ready straight out of the box. BMW, following on the success of the E92 generation M3 GT4, announced today that an M4 GT4 will be ready for the 2018 season. The GT4 spec is the lowest class of FIA GT racing. It's meant for amateur racers, and as such the regulations are quite strict. Every car must have at least one amateur driver, and the rules as to what constitutes as an amateur are very specific and clear. Aside from BMW, Aston Martin, Porsche, and Toyota all field cars in GT4 spec races. Like the M3 GT4, the new version of the M4 comes from the factory homologated to FIA GT4 spec. BMW says the M4 GT4 will use the standard coupe's 425 horsepower twin-turbocharged 3.0-liter inline six cylinder engine, including the electronics – the outgoing M3 GT4 used the standard car's 420 hp, high-revving, 4.0-liter naturally-aspirated V8. The new car will also pull bits like a carbon fiber hood from the M4 GTS. Specific details like weights or fluid capacities haven't been revealed, nor has the transmission been confirmed. It's unclear if the M4 will be heavier than the smaller outgoing M3, which weighed slightly over 3,000 lbs. Expect things like built-in air jacks, a roll cage, lightweight seats, and other race-ready parts to carry over. The M4 GT4 will start testing at the end of 2016 in preparation for a 2018 debut. Customers with who can't wait can purchase one of BMW's other race-ready offerings. BMW currently sells the M6 GT3 and M235i Racing. Parts like the pedal box, brakes, and seats for the M4 GT4 are the same as those in the M6 GT3. Pricing hasn't been announced, but the current M3 GT4 sells for about $140,000. The car should go on sale late next year. Related Video: Motorsports BMW Racing Vehicles bmw m4