According to Wall Street Journal，Sources say Uber has agreed to sell its U.S. car rental business, Xchange Leasing, to a company called Fair.com’s online car trading startup。Due to failure to attract enough drivers，Uber announced earlier this year that it would shut down this business。

Starting this summer，Uber has been looking for potential buyers for its Xchange Leasing business。September this year，The company officially announced that it will close this business，And officially start the sale process。After closing this business，Approximately 500 jobs affected。Uber revealed，Each vehicle owned by Xchange Leasing costs 188bet online sports betting Uber approximately ,000，18 times the previous estimate。

It is unclear how much Fair spent to acquire Xchange Leasing。Documents previously disclosed by Uber to potential buyers，Xchange Leasing has more than 30,000 cars，Its book value is approximately US$400 million。

Within the past two quarters，Although Uber’s revenue and order volume have increased，But the company’s losses still reached 25.USD 200 million。Recently，Uber is working hard to limit costs。Under the leadership of new CEO Dara Khosrowshahi，The company plans an IPO in 2019。In addition，Uber is still dealing with previous scandals。

Fair.com was established last year，Headquartered in Santa Monica, California, USA，The company is an online car trading platform。

Sources revealed，The transaction between the two parties is expected to be officially completed early next year。As part of the transaction，Uber will recommend Fair to drivers in the driver app.com’s services，And will hold shares in the company。And Fair.com will continue to provide jobs for approximately 150 188bet app employees of Xchange Leasing。

Uber officially launched Xchange Leasing business in 2015，For those who want to be an Uber driver，Provide car rental business for people who don’t have enough money to buy a car。The company’s former CEO Travis Kalanick attaches great importance to this business，This business has very flexible terms for car rental drivers，The rental fee will be deducted directly from the driver’s Uber account。The company has stated，Xchange Leasing is not launched for profit。

Earlier this year，Informed sources revealed，Xchange Leasing vehicles are available for $500 per month，And this business is losing thousands of dollars per vehicle every month。To maximize income，Drivers who rent these vehicles will work extended hours every day，As a result, when returning the vehicle，These vehicles are in very bad condition，Reduced vehicle resale value。

File display，Except Fari.com，Others considering bidding for Xchange Leasing include leasing company Avis Budget Group Inc.、Icahn Enterprises LP、Investment institution 188bet app Beach Point Capital Management LP、Luxor Capital Group LP and lending service provider Innovate Auto Finance。

Innovate、Luxor、Beach Point and Avis declined to comment on this news。Icahn Enterprise has not responded yet。

188bet sports betting app download , original title: "Wall Street Journal: Uber will sell car rental business to Fair.com》.