BMW’s ReachNow suspends ride-hailing service temporarily in setback for Uber and Lyft rival ReachNow, the car-sharing and ride-hailing service that is part of a joint venture between BMW Group and Daimler AG, has… Read More
BMW and Daimler will invest $1B in new joint venture that brings car2go and ReachNow under one roof With regulatory approval cleared, BMW and Daimler today revealed how they plan to invest more than $1 billion in a… Read More
BMW ReachNow CEO Steve Banfield to step down as BMW and Daimler launch joint mobility company BMW ReachNow CEO Steve Banfield, who helped the German carmaker grow its car-sharing service in the U.S., is stepping down… Read More
Car2go and ReachNow car-sharing services to merge in deal between auto giants Daimler, BMW European auto giants Daimler and BMW, whose car-sharing services compete in Seattle and other U.S. cities, have agreed to combine their… Read More
Report: GM acquires most of Sidecar’s assets and technology Big automakers continue to make defensive moves against the competitive threat posed by ride-hailing services, such as Uber and Lyft.… Read More
