Uber working on deal to sell Xchange Leasing to digital car marketplace Fair: source
Uber shutting down auto-leasing business; Xchange Leasing has started to unwind business
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Washington
RIDE-HAILING company Uber is working on a deal to sell its US auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter.
Uber Technologies Inc said in September it was shutting down the auto-leasing business, which had heavy losses. Over the last few months Xchange Leasing has started to unwind the business, which was started to lease new cars to Uber drivers, selling cars at auction.
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