Uber Technologies Inc. on Wednesday confirmed it is shutting down its U.S. auto-leasing business, months after it discovered it was losing 18-times more money per vehicle than previously thought.
NYS Entity Status
NYS Filing Date
APRIL 04, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - AUTO LEASE DIRECT INC.
Around the Web
- Uber Shutting Down U.S. Car-Leasing Business
Wednesday Sep 27, 2017
- Uber’s auto leasing draws added scrutiny after safety issues
By Olivia Zaleski - Friday Aug 4, 2017
Uber said it took “swift action to fix the problem” after learning of the auto fire and worked with Singapore officials on its response.“We acknowledge we could have done more — and we have done so,” a spokesman for the company wrote in an email.Since the beginning of the year, we’ve proactively responded to six vehicle recalls and will continue to do so to protect the safety of everyone who uses Uber.In January, Uber paid $20 million to settle a U.S. Federal Trade Commission lawsuit, saying the company made false or misleading claims about its leasing program, among other alleged violations.
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Tuesday Aug 1, 2017
Sales for major U.S. auto makers sharply declined in July amid a modest slump in lease deals that have kept payments low, continuing an industry slowdown that has led to a glut of inventory on dealer lots and a spate of discounts.
- Facebook to lease 436,000 square feet of office space in San Francisco
By Alyssa Pereira - Wednesday Sep 20, 2017
Following a rumor this summer suggesting that Facebook Inc. would be setting up a San Francisco office space, the Menlo Park-based social network company confirmed to San Francisco Business Times that it would be settling into a massive portion of a building in the city's SoMa neighborhood.
- For Consumers, Less Debt but Lots of Bills
Friday Jun 23, 2017
As a group, U.S. households’ debt-to-income and debt-to-asset ratios in the first quarter fell to their lowest levels since the early 2000s. But financial obligations beyond debt payments, such as rents and auto leases, are taking a bigger bite out of pay.