Audi, BMW, Daimler Acquire Nokia Mapping Service

Audi, BMW and Daimler agreed to acquire Nokia's mapping and location services business "Here," the automakers said in a joint announcement. Financial terms weren't disclosed, but the deal is expected to close in Q1 2016, they said. Here is the mapping system used on Nokia and Windows smartphones. Its big plus is the ability to pre-load maps before traveling and using them at the destination without the need for a wireless connection. The companies noted that mapping services will be key in the move toward self-driving vehicles.