Uber considering sale of U.S. car-leasing business: source

Intel further extends Mobileye offer to mop up outstanding stock
August 8, 2017
Arraignment of UK security researcher Hutchins delayed to Monday
August 8, 2017
This post was originally published on this site

(Reuters) – Uber Technologies Inc [UBER.UL] is evaluating options for its capital-intensive U.S. car-leasing business, including a sale of the unit, a source familiar with the matter said.

Other options for the business – Xchange Leasing – could include a partnership or winding it down by reducing the number of cities served, the person said, adding that a move could include layoffs.

Uber declined to comment.

Additional reporting by Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty