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  • *Audi, BMW, Mercedes to buy Nokia's HERE. FRANKFURT/ HELSINKI, Aug 3- German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi will each hold an equal stake in the business, known as HERE, keeping it from falling into the hands of a...

  • German automakers buying Nokia's HERE map business Monday, 3 Aug 2015 | 1:48 AM ET

    BERLIN— A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.' s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks...

  • FRANKFURT/ BERLIN, July 21- Germany's premium car makers are close to a deal to buy Nokia's HERE map business for between 2.5 billion and 3 billion euros, but a final agreement hinges on the question of who owns the patents which help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters on Tuesday. The purchase of HERE, which has...

  • AMSTERDAM, July 21- Dutch navigation firm TomTom, which aims to reinvent itself as a supplier of high-definition maps for self-driving cars, posted quarterly results that hammered home how far it has travel to compete with major rival Nokia HERE. With Nokia expected to sell HERE to a consortium of German carmakers, industry experts see TomTom as an alternative...

  • FRANKFURT, July 21- Dutch mapmaker TomTom has deepened its partnership in high-definition mapping with German auto supplier Robert Bosch to refine the technology crucial for autonomous driving. "By the end of 2015 we want to have new high-precision maps for automated driving for all freeways and freeway-like roads in Germany," said Jan Maarten de Vries,...

  • Talks between Nokia and BMW, Daimler and Volkswagen over the sale are ongoing but have reached a difficult stage as important details such as price and structure are finalised, two auto industry sources and two financial sources said. BMW, Daimler and Audi declined to comment. That gives BMW, Daimler's luxury brand Mercedes and VW's premium brand Audi some...

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • AMSTERDAM, May 4- Dutch navigation company TomTom aims to become a main provider of technology for self-driving cars as it charts its way back to success after seven lean years, chief executive Harold Goddijn said. Goddijn told Reuters that an overhaul of TomTom's digital mapping architecture lies behind a renaissance that has seen its automotive division...

  • April 29- GPS-based gadgets maker Garmin Ltd's quarterly revenue rose much less than expected as a strong dollar ate into its overseas income. Despite the currency headwinds, Garmin maintained its full-year forecast, just as its Dutch rival TomTom NV did last week. Garmin's net sales rose marginally to $585.4 million in the first quarter ended March 28, missing...

  • *IBM says one of its largest partnerships with auto sector. FRANKFURT, April 22- PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said on Wednesday. It could also link vehicles to retailers, an IBM executive...

  • NEW YORK/ HELSINKI, April 10- Nokia is considering selling its maps business known as HERE, a source familiar with the matter said on Friday, pushing up shares in the Finnish company as well as its network gear rival Alcatel-Lucent. Shares in Nokia closed 5.57 percent higher while those in France's Alcatel-Lucent closed 4.82 percent higher.

  • AMSTERDAM, March 3- TomTom, the navigation software and device maker, said on Tuesday it had extended a supply deal with Fiat Chrysler to Latin America and will begin supplying Hyundai Motor with data in Europe. The deals are the latest in a string of successes this year for TomTom, including deals with Volkswagen to supply maps in the United States and traffic data...

  • UPDATE 2-Garmin expects stronger dollar to slow growth Wednesday, 18 Feb 2015 | 9:48 AM ET

    Feb 18- Garmin Ltd, a maker of GPS-based gadgets, said a stronger dollar would slow revenue growth and forecast a profit below market estimates for the full year. Garmin gets a little less than half its revenue from outside the United States, primarily from Europe, Middle East and Africa. Garmin forecast revenue of about $2.9 billion and pro forma earnings of about...

  • Garmin profit beats on GPS fitness device demand Wednesday, 29 Oct 2014 | 11:09 AM ET

    Garmin, a maker of GPS-based devices, reported better-than-expected quarterly revenue and profit as demand surged for its fitness products.

  • TomTom earnings slip as users switch to smartphones Tuesday, 11 Feb 2014 | 2:33 AM ET
    New version of TomTom App brings TomTom navigation to even more smartphones (Photo: Business Wire)

    TomTom, Europe's largest maker of navigation devices, reported a fall in fourth-quarter earnings and warned revenue this year would be lower.

  • Google Maps app for Apple ios.

    Google's mobile navigation application Google Maps will now be available in Apple's app store, the Internet search giant said on its official blog.

  • Earnings schedule for week of 10/29/2012 Friday, 26 Oct 2012 | 3:15 PM ET

    Burger King Worldwide Inc. reports quarterly financial results. Baidu Inc., the Chinese Internet company, reports quarterly financial results. Avon Products Inc. reports quarterly financial results.

  • SAN FRANCISCO, Oct 10- Google Inc Executive Chairman Eric Schmidt expects more than a billion mobile devices around the world to be running its Android software within a year, intensifying a battle with Apple Inc. Google and Apple were once close partners, with Schmidt serving on Apple's board during part of his tenure as Google CEO.

  • SAN FRANCISCO, Oct 5- Consumer Reports, the influential reviewers' group that blasted the iPhone 4 for a faulty antenna, on Friday gave Apple Inc's latest smartphone a thumbs-up despite echoing widespread complaints about its patchy mapping service.