Xchange Leasing May Not Be Shuttered as Uber Still Pursues Buyers

  • Emma Sandler
  • October 3, 2017
Uber Technologies Inc.’s Xchange Leasing program may not be out of the game yet, Auto Finance News has learned. After months of losing money — and weeks of speculation — Uber announced yesterday that it was beginning to wind down its subprime leasing program in the U.S. market. But the rideshare company is still pursuing buyers, a company spokesman […]

Ola’s Leasing Division Secures $156M for Fleet Expansion

  • Emma Sandler
  • September 12, 2017
Ola Fleet Technologies Pvt. Ltd., the cab-leasing arm of taxi aggregator Ola, has received a loan for $156.3 million from Yes Bank to finance the purchase of commercial vehicles. As a part of the agreement, the vehicles purchased by Ola will remain as collateral, according to the company’s July filings with the Ministry of Corporate […]

New Uber CEO Faces Task of What to Do With Leasing Unit

  • Emma Sandler
  • August 28, 2017
Uber has chosen Dara Khosrowshahi to serve as its chief executive, according to numerous sources, capping off many months of scandals and struggles within the rideshare company. Uber is expected to make a formal announcement by today. Last Updated: 28th August, 2017, 11:00 AM

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 […]
Page 1 of 1712345 » 10...Last »