CarMax reports that vehicle software updates are essential for fixing bugs, enhancing features, and may include paid upgrades in the future.

(Reuters) -U.S.-based vehicle software supplier Applied Intuition has raised $250 million in its latest Series E funding round, valuing it at $6 billion, the company said in a statement on Tuesday.

Your car needs updates just like your smartphone does. Cars today are more tech-heavy than ever, often relying on software rather than hardware to operate important features. But as with any complex ...