08 June 2016 at 1:00 GMT
To many observers, the endgame of Uber's auto market disruption is a world where you never own a car again. But Ari Levy writes there's an irony in how Uber plans to get there: It's making a big push into the hundred-plus billion-dollar auto financing market. Think about all the money that goes into leases and loans from captive financing units at Toyota, Honda and Ford, luring consumers into shiny new vehicles. Automobile financing amounts to $116 billion a year just in the United States, according to IBISWorld, all for the sake of car ownership – or something resembling it.
Read full article at CNBC