BMW AG, Audi AG and Daimler AG will buy Nokia Oyjs digital-map unit for 2.8 billion euros ($3.1 billion) to gain technology for connected cars that will eventually be the basis for self-driving vehicles.
A simulated city recently opened on the north campus of the University of Michigan to test how self-driving cars will travel in the future without mowing down pedestrians or causing colossal crashes.
Telematics, automotive safety and infotainment are expected to drive more than 15% year-over-year growth in the connected car market over the next decade. And these trends will create seismic shifts in the P&C insurance industry landscape.
Automakers will have to focus on women if they hope to make driverless cars mainstream, according to a NerdWallet survey that shows men are far more likely to express interest in the new technology.