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Nokia Joins Musk and Google in Smart-Car Push

Nokia Oyj (NOK1V) plans to spend $100 million backing companies that develop intelligent-car technologies, joining the likes of billionaire Elon Musk and Google Inc. (GOOG) in betting that future vehicles will be smarter and more connected. The investments, to be made by a new Nokia fund, are meant to support the mobile-technology company's digital-map business, Nokia said today.

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Nokia joins Musk, Google

STOCKHOLM — Nokia plans to spend $100 million backing companies that develop intelligent-car technologies, joining the likes of billionaire Elon Musk and Google Inc.

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#100-million #backing-companies #future-vehicles #google #google-inc-#joining-the #joining-the-likes #likes #more-connected-#nokia #smarter-and

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