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

Reuters News
Posted: Aug 08, 2017 11:18 AM

By Parikshit Mishra

(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)