Over the last few months Xchange Leasing has started to unwind the business, which was started to lease new cars to Uber drivers, selling cars at auction. Uber Eats to offer couriers insurance in EuropeAs of August, Xchange Leasing had about 14 showrooms in the United States, Reuters previously reported. Uber launched Xchange Leasing in 2015 in a bid to attract new drivers who could not otherwise afford a car because of spotty or poor credit. Xchange Leasing offered more flexible return and mileage limit policies than traditional car leases. The Wall Street Journal reported that Fair will offer jobs to about 150 of the 500 or so employees at Xchange Leasing.

Source: The Express Tribune December 28, 2017 09:11 UTC