Nokia, Mercedes-Benz in Smart Map Deal
Nokia Corp. says it has teamed up with Daimler AG's Mercedes-Benz car division to jointly build and develop digital smart maps for conventional and self-driving cars.
Under Wednesday's deal, Nokia's HERE mapping and location services unit and Mercedes will initially provide 3D maps for the Mannheim to Pforzheim route in Germany for cars connected to a computing cloud. The system will be later augmented to include autonomous vehicles.
Nokia says connecting a car to a cloud is "one of the biggest opportunities for the automotive industry today". No financial value of the agreement was disclosed.
Nokia's mapping unit is one of the three businesses that will remain in the company following last week's announcement to sell its mobile phone business to Microsoft.