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.

 

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

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

Next Story