Don’t miss the latest developments in business and finance.

Car makers talking with possible partners for mapping company: Audi CEO

He said they are prepared to reduce their stakes, so that other technology partners will come on board

Rupert Stadler, Audi
Rupert Stadler, Audi CEO
Reuters Berlin
Last Updated : Mar 03 2016 | 8:09 PM IST

German luxury car makers are in talks with possible partners for digital mapping company HERE, Audi Chief Executive Rupert Stadler said on Thursday.

Audi, BMW and Mercedes-Benz clubbed together last year to buy Nokia's maps business, beating out high-tech rivals for location services seen as key to the future of self-driving cars.

"There are different kinds of talks at the moment," Stadler told reporters.

"We have let it be known that we are pleased to invite our partners and competitors to become co-users of this platform. We have also said we are prepared to reduce our stakes, so that other technology partners will come on board," the CEO said, declining to be more specific.

 

 

More From This Section

First Published: Mar 03 2016 | 7:50 PM IST

Next Story