Underscoring the auto industry's soaring interest in technologies related to autonomous driving, rival auto suppliers Bosch and Continental each are buying 5% stakes in HERE Technologies, a global provider of digital mapping and location services for an undisclosed price.
Both acquisitions are subject to approval by antitrust authorities, but the Bosch deal is expected to be completed by the end of the first quarter.
The auto groups, which bought Here from Finland's Nokia in 2015 for around 3 billion dlrs, want to expand the ownership of the company to help make Here technology a global standard used across the industry.
It will also sign a collaboration agreement with Here, to work on digital maps solutions, Continental said.
In 2017 chipmaker Intel said it was buying 15 pc of Here.
"By leveraging Here's technology, we look forward to generating further profitable growth in mobility services and automated driving", said Elmar Degenhart, chief executive of Continental.
Bosch's disclosure referred to plans by HERE to increase its diversification into non-automotive applications - a move that could help offset risks and uncertainties surrounding the eventual arrival of fully autonomous cars for the mass market.
"Bosch is more than cars", said Dr Volkmar Denner, chairman of the board of management of Robert Bosch. "Industry 4.0, smart homes, and smart cities are quickly growing areas of business for us, where developing and expanding data-based services will lead to synergies with Here".
A group of investors led by Chinese mapping firm Navinfo and internet giant Tencent in September cancelled a previously announced plan to buy 10 percent of HERE, after failing to win USA approval.
Earlier the RIL chairman predicted that India will be ahead of the U.S. in terms of data infrastructure by 2019. The blockchain technology, once developed, may be put to other uses, like supply chain logistics and so on.
The ELN, founded by radical Roman Catholic priests in 1964, has sought peace with the government before but made little progress. In turn, the government agreed to improve protection for community leaders and conditions for about 450 jailed rebels.
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For guests who've purchased A Celebration of Harry Potter vacation package, the show will be available on January 26. It will be the same show that now runs in the Wizarding World of Harry Potter at Universal Studios Hollywood.
Losses from three USA hurricanes made 2017 the third-costliest year for insurers, according to insurance company Swiss Re . Total losses amounted to $306bn the agency said, over $90bn more than the previous record set in 2005.
The Blues signed six players in the summer transfer window to improve their squad ahead of their return to the Champions League. The visitors will be without skipper Wes Morgan and Danny Simpson, with both defenders struggling with hamstring injuries.
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