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BMW's ReachNow Expands Mobility Offerings

ReachNow members can now seamlessly choose to drive themselves, hail an immediate ride, or...

The company’s suite of mobility solutions is now available in one redesigned and reengineered ReachNow app, creating an ecosystem aimed at easing many of the transportation challenges facing residents of urban communities.

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Wholesale Fleet Vehicle Values Fall 1% in June

Mid-size sedans, in particular, performed well in the wholesale market. Mid-size sedan...

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

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Ford Agrees to $299M Takata Settlement

Ford has agreed to a $299.1-million settlement with customers over its use of Takata air bags in...

Ford Motor Co. has agreed to pay $299.1 million to settle consumer economic-loss claims linked to faulty air bags manufactured by Takata Corp. The settlement covers diverse forms of economic damages linked to Takata air-bag inflators.

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Top Vehicle Theft Hot Spots Named

The Albuquerque area saw 9,989 vehicle thefts in 2017 in a region with about 910,000 residents.

Albuquerque, New Mexico, recorded the highest rate of vehicle thefts in the U.S. in 2017 as vehicle thefts increased 4.1% across the nation, reports the National Insurance Crime Bureau. Each year, the bureau analyzes thefts reported to law enforcement and releases a top 10 list with its "Hot Spots" report.