Uber considering sale of U.S. car-leasing business: source
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August 8, 2017This 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