WSJ: Uber ending subprime leasing business

• Uber (UBER) plans to close or sell most of its subprime care leasing business by year’s end, according to The Wall Street Journal.
• Xchange Leasing was launched two years ago but can’t keep up with losses totaling $9K per vehicle. 
• The closure could affect 500 jobs. 
• Previously: Uber co-founder says Kalanick not returning as CEO (Aug. 7)