Robert Bosch and Continental, two of the world’s biggest automotive suppliers, are each buying a 5 pc stake in location and digital mapping specialist Here. The two German companies are buying their stakes from Here’s main owners, premium car makers Audi, BMW and Daimler. The transactions are expected to be completed in the first quarter Read More..
Robert Bosch will holdÂ its annual internet-of-things conference in Berlin March 15 and 16. The German automotive supplier, which has in recent years focused heavily onÂ IoT technologies, is hosting an event that features senior industry executives speaking about the connected software and systems reshaping industries across the board. Bosch CEO Volkmar Denner will speak about key Read More..
Competition for market share is fierce in the global auto industry, but that doesnâ€™t mean thereâ€™s no room to cooperate. Especially in the past two years, as the pace of change has picked up, thereâ€™s been a marked increase in the number of strategic jont ventures the worldâ€™s carmakers have embarked on. The most high-profile Read More..
Robert Bosch is also interested in acquiring a stake in Here, according to the Reuters news agency. The German supplier joins a list of possible future co-owners that includes Microsoft, Ford Motor, Renault and Continental. Here was bought last year by Audi, BMW and Mercedes-Benz for 2.5 billion euros. The German premium car makers have Read More..
Months after Audi, BMW and Daimler acquired Here from Nokia for 2.5 billion euros, the three carmakers are in talks with Amazon and other companies about a broader ownership structure for the digital mapping company, according to news reports. The Reuters news agency said the talks focus on Amazonâ€™s ability to provide cloud computing services Read More..
Here, which was acquired from Nokia by a consortium of German carmakers last year, appointed Edzard Overbeek to head the operations of the digital mapping group. Overbeek, 48, is a senior executive at Cisco, where he most recently has been responsible for theÂ technology group’s 12 billion-dlr global services organization. Earlier, he worked at several other Read More..
A consortium of German carmakers is buying Nokia’s digital mapping business for 2.8 billion euros. Audi, BMW and Daimler confirmed in a press release that they will jointly acquire Nokia HERE and will run the mapping company as an independent entity that will provide a platform open to all customers. The three, which will hold Read More..