Tribecar co-founder Adrian Lee said the acquisition "further solidifies our leading position in Singapore's car-sharing space". PHOTO: ST FILE

SINGAPORE - The first and oldest car-sharing outfit here has thrown in the towel. Started in 1997 by NTUC Income and acquired by Japan's Mitsui & Co in 2010, 25-year-old Car Club has been sold to six-year-old Tribecar, another home-grown operator.