Advertisement

Uber reportedly selling its auto leasing business to startup Fair.com

Uber announced it was shutting down its auto-leasing business Xchange Leasing in September, and now it’s being bought by startup auto leasing company Fair.com, according to a Wall Street Journal report.

The report says that Fair.com, which offers alternative leases where you can keep a car as long as you like, will buy Xchange Leasing for an undisclosed amount. Uber is not selling the company outright, though. It will take a stake in Fair and offer access to Fair’s website through the Uber app. Fair will offer jobs to about 150 workers in return.

The move is not a surprise as a spokesperson for Uber told The Verge in September that “We have decided to stop operating Xchange Leasing and move towards a less capital-intensive approach.”…

Continue reading…

We are very happy for your visiting to this web page Uber reportedly selling its auto leasing business to startup Fair.com. We hope the contents of this article can give more information to you.
Thanks…!!! 🙂

Post source: https://www.theverge.com/2017/12/26/16819810/uber-selling-auto-xchange-leasing-startup-fair-com