Uber Selling U.S. Subprime Vehicle-Leasing Business

Uber has struck an accord to sell its auto-leasing business to startup car marketplace Fair.com, according to a newspaper report. The ride-hailing company’s sale of its Xchange Leasing for an undisclosed sum brings to a close efforts by Uber to attract drivers who otherwise lack options for having an auto, according to The Wall Street Journal, which cited people familiar with the matter.

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