Why Uber is looking to sell off its cars business

Uber is reportedly considering selling off its car business, according to Recode.

The news comes just days after the ride-hailing company said it was selling its cars and service business.

The company did not disclose how many cars it has or how many drivers it employs, but it has said it has “a strong plan” to reduce its fleet size.

Uber said the move would allow it to focus on “driving and serving people.”

The company has already said it would be reducing its workforce by about 25% over the next three years, though it has not yet announced specific plans to do so.

“As we continue to grow and improve, our car business will be a much bigger part of our business, but our plans to grow our workforce and reduce our fleet size will be much more focused on driving and serving our customers,” CEO Travis Kalanick wrote in a letter to investors.

The move comes as Uber’s stock has continued to soar amid the company’s push to compete with Lyft and UberX.

The stock has more than doubled in value since the beginning of 2017.

The ride-sharing startup is currently valued at $39 billion.

It has struggled to keep up with the surge in demand for its service, however, and has lost money on every deal it has made so far.

In June, Uber CEO Dara Khosrowshahi said the company is “looking for ways to increase our profitability.”

Uber has been a leader in the field of self-driving technology, which has allowed it to offer self-service to drivers while using the vehicle’s onboard computers.

It also is currently testing autonomous vehicles that could eventually be used to transport passengers and goods.