News

Transport & Logistics

Gerv Tacadena

, Singapore

Published:

8 years ago

Uber's auto leasing flagged after safety issues in Singapore

The startup rented out 1,000 defective vehicles to Singapore drivers.

Bloomberg Technology reported that Uber’s auto-lending program is facing new questions after the company leased cars prone to fires in Singapore.

Citing Wall Street Journal, the report noted that the ride-hailing firm borrowed capital from Goldman Sachs Group Inc. and other banks used to purchase more than 1,000 defective Honda Motor Co. vehicles from importers. Uber managers in Singapore were aware that Honda had recalled the Vezel models when it bought and leased them to drivers, and at least one car burst into flames in January, the newspaper reported.

Uber said it took “swift action to fix the problem” after learning of the auto fire and worked with Singapore officials on its response.

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