Buyers Unlikely to Bite on Uber Subprime Leasing Unit

  • Emma Sandler
  • August 17, 2017
Uber Technologies Inc.’s plan to consolidate or sell its subprime leasing arm, Xchange Leasing, would be a “smart move,” Grayson Brulte, a consultant and president of Brulte & Co., told Auto Finance News. However, Brulte thinks it unlikely another company would acquire the unit, because subprime is a business “about to burst.” Last Updated: 17th August, 2017, 11:16 […]

Flexdrive Aims to Be All-Inclusive Transit Subscription

  • Emma Sandler
  • August 14, 2017
Flexdrive plans to expand geographically this year into the West Coast, with a long-term goal of becoming an all-inclusive transit subscription service, Auto Finance News has learned. Last Updated: 14th August, 2017, 11:15 AM

GM’s Cruise Debuts Autonomous Ride-Hailing [VIDEO]

  • Emma Sandler
  • August 11, 2017
Cruise, the self-driving startup owned by General Motors Co., just launched an autonomous ride-hailing startup for its employees in San Francisco. Last Updated: 11th August, 2017, 11:17 AM

Hertz Downsizes Rental Fleet, but Upsizes Rideshare

  • Emma Sandler
  • August 9, 2017
Hertz Global Holdings Inc. reduced its total average fleet by 1% year over year, but increased the number of vehicles dedicated to its ride-hailing fleet in the second quarter, the company reported in its earnings call last week. Last Updated: 9th August, 2017, 11:21 AM
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