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Report: Uber to wind down US car-leasing biz

Uber Technologies Inc. plans to pull back on its U.S. auto-leasing business, "people familiar with the matter" told The Wall Street Journal.

The ride-hailing company learned it was losing 18 times more money per vehicle than it had previously estimated. The U.S. car-leasing program launched two years ago to draw drivers whose credit kept them from owning cars.