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Audi, BMW, Daimler buy Nokia's Here digital mapping business

The fight for control of Nokia's Here digital mapping service appears to have drawn to a close as a consortium of German automakers has announced a deal to jointly acquire the business from the Finnish telecom giant. As anticipated, ownership in Here will now be taken over jointly by Audi, BMW, and Daimler, beating out reported rivals bids from the likes of Apple and Uber. Here is one of the largest and most advanced digital mapping and location systems. It started out in Chicago in 1986 as Navteq before Nokia acquired it in 2007, and is now slated to change ownership again. The cloud-based service maintains high-definition digital maps for nearly 200 countries and supports over 50 languages, gathering data from users to update the data continuously. Rather than transition the service into their own proprietary technology, however, the automakers insist that it will remain open "to all customers from the automotive industry and other sectors." Ownership will be shared equally between the three companies, with "none of them seek[ing] to acquire a majority interest" in Here. For another, Here's management is promised to remain independent, and "the consortium will not interfere into operational business." Though the purchase price has not been disclosed, it is rumored to be worth in the neighborhood of $2.7 billion. Assuming it passes regulatory approval, the acquisition is slated to be completed in the first quarter of next year. The German automakers anticipate implementing the service to provide connected vehicles with accurate, up-to-date information on road and other conditions. Examples it outlines include warning other drivers of icy conditions based on outside temperature and ABS activation. It could also warn drivers of impending traffic jams, or even guide traffic through green lights in an urban environment. In the future, the highly detailed maps are envisioned to enable fully automated driving as well. Related Video: AUDI AG, BMW Group and Daimler AG agree with Nokia Corporation on joint acquisition of HERE digital mapping business Ingolstadt, Munich, Stuttgart, Aug 03, 2015 - Acquisition will secure and strengthen HERE as an independent company serving customers from all industries - Real-time maps and location based services will be the basis for the mobility of tomorrow - Transaction expected to close in first quarter 2016 Ingolstadt, Munich, Stuttgart – August 3rd, 2015.

Autoblog Minute: Finalists announced for 2016 Tech of the Year award

Here are the finalists for Autoblog's 2016 Technology of the Year award. Autoblog's Chris McGraw reports on this edition of Autoblog Minute, with commentary from Autoblog executive producer Adam Morath, AutoblogGreen editor-in-chief Sebastian Blanco, and Autoblog senior editor Alex Kierstein. Show full video transcript text [00:00:00] It's Fall here in Detroit and for us that means it's time for football, autumn beers, and the fourth annual Autoblog Tech of the Year awards. I'm Chris McGraw and this is your Autoblog Minute. Tech of the Year is one of our favorite things here at Autoblog. It's a time when we get celebrate all the best tech from the industry we love most. [00:00:30] - [00:01:00] [Commentary form Adam Morath, Sebastian Blanco, Alex Kierstein] Past winners include, Tesla's Supercharger network, FCA's Uconnect system and the BMW i8. In 2016 we're doing something a little different for Tech of the Year. We've separated our award into two categories. One award for best tech car, and a second award for best technology of the year. The nominees for best car in 2016 are: [00:01:30] the Tesla Model S, the Chevrolet Volt, and the BMW 7 series. The nominees for best tech in 2016 are: Apple CarPlay, Android Auto, Volkswagen's MiB II with AppConnect, Ford Sync 3, Audi's Virtual Cockpit, the Smart Cross Connect App, and Volvo Sensus. [00:02:00] We're going to announce Autoblog's Tech of the Year winners in January at the 2016 North American International Auto Show, in Detroit. For Autoblog, I'm Chris McGraw. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Green BMW Chevrolet Ford Hummer smart Tesla Volkswagen Volvo Technology Infotainment Autoblog Minute Videos Original Video

McLaren shoehorned the F1's V12 into a BMW M5 wagon test mule

Automakers are known to utilize preexisting vehicles as test beds for major research and development purposes. But some of the zombie mashups produced in-house can result in pretty interesting combinations. Case in point, when McLaren was developing its BMW-sourced naturally-aspirated 6.1-liter V12 for the legendary F1, the company put the engine in … a BMW M5 wagon? Yup, you read that correctly. ItÂ’s no mystery that the legendary F1 came with a BMW-sourced V12. That "M70" V12 originated from its placement in the E32 7 Series and E31 8 Series “50” models in the 1980s up through the 1990s. The version that went into the F1, however, is more closely related to the M-tuned "S70" V12 found in the E31 850CSI, which was the pseudo M-variant to the 8 Series that wasnÂ’t officially designated an M model. But it did feature full-fledged tuning from the M Division. On "Top Gear" presenter Chris HarrisÂ’ podcast, "Collecting Cars", Harris interviewed David Clark, the former director of McLarenÂ’s cars for both the road and motorsports between 1994 and 1998. Clark revealed that they took an E34 BMW M5 wagon and shoehorned the S70 V12 into its engine bay as the mule for testing the F1Â’s engine. Clark even said he drove the car himself as they were fine-tuning the V12Â’s engine output. YouÂ’re probably wondering, how the heck did that thing fit? But it isnÂ’t that surprising. The E34 5-Series was designed to house either the BMWÂ’s venerable straight-six or the new-at-the-time V8. And there was room enough to house the V12 as well, particularly since BMWÂ’s V12 was essentially two of its “M20” straight-sixes bolted together at the crank in a vee. When Clark was testing the S70 V12 in the wagon, he and his team ended up with the 627 horsepower and 479 pound-feet of torque the F1 became known for. ThatÂ’s nearly twice the power the production M5's 311 hp and 266 lb-ft at the time. Clark also divulged that the actual prototype mule still exists, but itÂ’s in BMWÂ’s secret collection of prototypes, and itÂ’s never been revealed to the public. He does, however, hope that one day, BMW will open its doors and show off the incredible mashup of an automobile. Until then, youÂ’ll have to rely on the few custom engine swaps done by owners to get a taste of what a V12-powered E34 M5 is like. Rumor also has it that McLaren could be working on a new direct F1 successor with help once again from Gordon Murray.