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Nokia - On to Bigger and Better Things

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On: Mon, May 12, 2014 at 11:44AM | By: Karen Cook

Nokia - On to Bigger and Better Things

It's a fact that you have to keep up with the times and the times they are a'changin'. Nokia has completed the sale of its smart phone business to Microsoft and is now looking toward the future of automobile technology for its growth.

The company has a $100 million fund to focus on projects that include communication between vehicles, which allows cars to share their location and speed, and gives the ability for the car to detect problems on the roadway which the driver may not be able to see. Several years ago Nokia produced technology that would allow a vehicle to use applications and features from a smart phone calling it “Terminal Mode”. Apple produced the Apple iOS which functioned similarly. Apple's system was successful, Nokia's was not. But Nokia is not discouraged. They have partnered with Continental to expand their technology and include a cloud-based mapping system as well.

The Department of Transportation and the National Highway Traffic Safety Administration want standards for vehicle technologies and it remains to be seen how all the players will go about meeting them when they are in place.

Apple and Nokia aren't the only ones with pieces on the board. Intel began its own $100 million fund back in 2012 and is in the process of developing vehicle-to-vehicle, vehicle-to-smart phone, and vehicle-to-infrastructure technologies as well.

With consumers expecting their vehicles to have ever expanding capabilities and functions, it seems that there may be room for everyone in this race for smarter cars, and buyers will be the beneficiaries of the struggle between companies to outdo each other.


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