Nokia Joins Musk to Google in Investing in Intelligent Vehicles
World BusinessMay 5, 2014
Nokia Oyj plans to spend $100 million backing companies that develop intelligent-car technologies, joining the likes of billionaire Elon Musk and Google Inc. in betting that future vehicles will be smarter and more connected. The investments, which will be made by a new fund Nokia is set to announce today at the Global Mobile Internet Conference in Beijing, are meant to support the mobile-technology company’s digital-maps business. It’ll be run by Nokia’s venture-capital arm, Nokia Growth Partne