Mitsubishi Electric Corp (6503.T)
6503.T on Tokyo Stock Exchange
1,366JPY
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1,366JPY
1:03am EDT
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Japanese self-drive cars map developer to buy rival U.S. startup for $200 million
Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market.
UPDATE 1-Japanese self-drive cars map developer to buy rival U.S. startup for $200 mln
* Dynamic Map Platform is backed by Toyota, Nissan, Honda, others
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