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Nokia nears agreement with BMW, Audi, Mercedes on maps unit, report says

Nokia's HERE supplies maps data to about 80 percent of cars with in-dash navigation systems in North America and Europe.
July 21, 2015 05:00 AM

MUNICH (Bloomberg) -- Nokia is nearing an agreement to sell its maps business to BMW Group, Audi and Mercedes-Benz, according to people familiar with the matter.

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Price increases from tariffs are inevitable for most manufacturers, but they will position adjustments strategically to avoid backlash from the Trump administration as well as consumer concern.

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