Eco City blames Uber for collapse in cab sales
Eco’s share of the new London licensed taxis market has slumped to 24% from 44% a year ago
The first official evidence of smartphone cab-booking app Uber’s ability to slay London’s iconic taxis trade came today, with a collapse in trading from Mercedes Vito black cab-maker Eco City Vehicles.
Revenues for the six months to July were down by a third to £11.4 million “mainly due to uncertainty caused in the London licensed taxi trade by the emergence of Uber”, Eco City said.
It also blamed Boris Johnson’s proposed introduction of zero emissions standards from 2018 for new Vito taxi sales slumping to 139 from 299 at the same time last year. Up to 12,000 black cab drivers took part in a demonstration, pictured, in June over TfL’s role in the rise of Uber.
The Vito’s share of the new London licensed taxis market has slumped to 24 per cent from 44 per cent a year ago. One source said Eco City’s blaming of Uber was “rubbish”, adding: “the vehicles are too expensive and merely a van trying to be a taxi.”
Eco City said it was “reviewing its strategic options” but refused to elaborate on what a strategic review might involve.
MP Margaret Hodge today attacked Uber’s tax policy, saying it “unfairly undercut London operators by opting out of the UK tax regime”.
She asked Johnson to make sure TfL “does not inadvertently allow tax avoidance in London”. Uber said it “complies with all applicable tax laws”.
- 1 Planes go hybrid-electric in important step to greener flight
- 2 Antonio Martin shooting: Police and protesters clash over teenager's death just five miles from Ferguson, Missouri
- 3 British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Orphan kangaroos spend Christmas without their parents
Northern Lights above Britain: Stunning Aurora Borealis illuminates Northumberland sky on Christmas Eve
New route to Mars could make manned mission much cheaper and easier
Isis 'did not shoot down Jordan war plane' before capturing pilot, says US
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...