Reuters
Renault to roll out another Nokia co-branded car

Thu Apr 24, 12:06 PM ET

HELSINKI (Reuters) - Nokia (NOK1V.HE), the world's biggest mobile phones maker, said on Thursday it would co-brand a limited edition of Renault (RENA.PA) Sandero cars in Brazil, fully equipped with Nokia's navigation system and car add-ons.

Renault will sell the Sandero Nokia, including the Nokia N95 multimedia phone with an integrated GPS system, for prices from 17,650 euros ($27,810). Only 1,000 cars will be manufactured, the company said in a statement.

Navigation is seen as one of the fastest-growing sectors in the technology industry. Nokia last year bid $8.1 billion for U.S.-based digital map supplier Navteq (NVT.N) in its largest takeover to get a stronghold in the industry.

Nokia partnered with Renault last year to provide a navigation system and hands-free equipment for a set of Twingo cars and has teamed up with Ferrari to produce a limited edition of 60 luxury Ferrari phones, sold for about 18,000 euros.

(Reporting by Agnieszka Flak; Editing by David Hulmes)

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