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German carmakers eye Nokia's map unit

Mercedes, Audi and BMW team up with private equity firm General Atlantic to bid for Here

THE BUSINESS IS HERE: Nokia's strategic review of its maps unit has set in motion an auction process that pits Internet players like Uber and Baidu against carmakers in a deal that could be worth up to US$4 billion.


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

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