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Jul 28, 2015 at 2:40PM
It's no surprise that automakers are continually outpaced by the tech industry. Automotive companies plan, design, and build cars on a several-year time frame -- which is a lifetime in the tech world. The proliferation of smartphone navigation -- driven by Google (NASDAQ:GOOG) (NASDAQ:GOOGL) Maps -- has taken in-car navigation out of the hands of car companies and given all the control to the tech industry.
And that's got carmakers worried. As semi-autonomous and autonomous cars become the norm, automakers want to ensure that they don't lose control over how their vehicles move around. That's why, according to a recent Wall Street Journal article, a group of automakers is looking to buy Nokia's (NYSE:NOK) HERE maps business. Click through the slideshow below to find out more about the car companies' plans.
- Jul 28, 2015 at 2:40PM
- Technology and Telecom