- It has been confirmed that Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) are in talks with Germany's premium carmakers about taking minority stakes in their HERE digital mapping service.
- BMW (BAMXY), Daimler (DDAIY) and Audi (OTCPK:AUDVF) agreed last year to pay €2.5B ($2.8B) for the Nokia business to build a platform for self-driving cars connected to the Internet.
- "We need a cloud provider to handle the huge amounts of data created by HERE and its users," said Thomas Weber, a Daimler board member.
- Previously: Amazon in talks to take stake in HERE (Apr. 01 2016)