BIZ-TRANSPORT: SINGAPORE- Uber’s Lion City Rentals finally sold

SINGAPORE – Two local motor companies have bought Uber-owned Lion City Rentals, marking the United States ride-hailing firm’s complete exit from Singapore.

WayDrive Holdings, a new joint venture between vehicle trader Motorway Group and workshop operator Toh Motor, signed on the dotted line on Friday evening (Jan 4) to acquire 100 per cent of Lion City Rentals (LCR) for an undisclosed sum.