‘Uber stops in US with setting up after high losses’

‘Uber stops in US with setting up after high losses’

Photo: Bloomberg

Uber Technologies, the company behind the well-known taxi app, is planning its activities in the field of vehicle leasing in the United States to discontinue because of high losses.

Reported that insiders at Uber compared to The Wall Street Journal. Although Uber had already expected to lose to run, were originally calculated on the average $ 500 per car. In practice the system was that with 9000 dollar loss per car are eighteen times higher.

Uber is according to the sources of plan the division to close or largely to sell before the end of the year. About five hundred jobs could thus be compromised, which translates to approximately 3 percent of the workforce at Uber.

Uber would be in 2015 with an investment of around $ 600 million to the lease-part set up, focused on leasing cars to customers with less strong credit rating. But, because of the intensive use of lease cars, there was so much loss of value, despite the higher leasetarieven there are nevertheless substantial and unsustainable losses with the activities.

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