Car-jacking hackers are driving Nokia Here acquisition

Fortune

How much is security against car hackers worth? For Daimler Group AG, owner of Mercedes-Benz, it’s somewhere in the ballpark of $2.4 billion to $3.29 billion.

Earlier this week, when reports that a coalition of German carmakers — Daimler, Audi, and BMW — had agreed to acquire Nokia’s HERE and its mapping technology, much of the analysis focused on the deal’s importance in helping develop autonomous cars. Earlier reports, said the purchase price was about $2.71 billion.

It turns out, that concerns about hackers attacking connected cars is at least part of the reason for the acquisition, according to Daimler CEO Dieter Zetsche.

During a call with reporters Thursday to discuss Daimler’s second-quarter earnings, Zetsche acknowledged that the company along with its competitors is trying to buy Nokia Here to have better, more secure control over the platform that enables autonomous driving, according to a Reuters report.

“We have…

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