Uber Phasing Out Xchange Car Leasing Program After Major Unexpected Losses - The Drive

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The Drive

Uber Phasing Out Xchange Car Leasing Program After Major Unexpected Losses The Drive Uber will phase out its Xchange subprime car-leasing program, reports The Wall Street Journal. Launched in 2015, Xchange was an attempt by Uber to disrupt another area of the car business. But it accrued much heavier losses than executives expected. Uber employees fear layoffs as the company plans to shut down its 500-employee car leasing unitBusiness Insider Uber considering options for Xchange Leasing, including sell-offTechCrunch Uber is phasing out its subprime car-leasing division after massive lossesThe Verge CNBC -Quartz -Fortune -Wall Street Journal all 46 news articles »

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