Geely close to announcing new home for TX5 production

Black Cab maker Geely are close to announcing Coventry’s 100 acre Ansty Park as the new home for the factory that will be building the upgraded TX5. A formal decision is expected in May.

The UK government have worked with Geely during the last year to secure the major investment and put forward a number of sites across the UK. The site in Leeds is expected to be chosen due to its close proximity to the existing Manganese Bronze Holdings headquarters on Holyhead Road in Coventry.

If they go ahead the factory is set to cost in the region of £150 million and the building is set to take the place on the remaining development land to the south of the phase 2 area at Ansty Park, which is owned by the Homes and Communities Agency and is located next to junction 2 of the M6. The second phase of the bilding work is likely to comprise of 6 buildings ranging in size from 34,000 sq ft to 90,000 sq ft.

Geely already owned 20% stake in the London Taxi Company and saved it from administration in 2012.

Hailo Pulls out of North America

Hailo Network Ltd. Have made the decision to pull out of North America citing intense competition from companies such as Uber Technologies Inc. Lyft Inc and Get Taxis Inc.
Uber have made significant gains in the worldwide app hailing technology market and have met significant resistance from Taxi Drivers and regulators.

In London Black Taxi drivers held several protests, they felt TFL were not regulating Uber correctly, as well as several other Licencing issues in London.

App Hailing technology has seen £1 billion in venture Capital invested intp this sector.
Hailo initially took a different approach working with traditional Taxi drivers in both London and New York but they recently opened up their services to Private Hire and this angered many of the London Black Taxi drivers, many of whom moved to Get Taxi.

Chief Executive Tom Barr said that they would concentrate on the expansion in Europe and Asia rather than compete with the astronomical marketing costs required to compete in North America.

GetTaxi cuts most London fares to £5

The Taxi app service GetTaxi has fought back aggressively against competitors in the London Taxi/Private Hire by cutting its fares to £5 for many of the jorneys across London for the rest of the year.
GetTaxi are charging a flat rate of £5 for travel of up to 10km, in areas outside the centre of London. The Isreal-based company has already run a similar scheme in New York, with customers who hailed yellow cabs in Manhattan for under an hour charged at 10$. Uber has cut prices by up to 20% in most of the cities they operate.
GetTaxi have heavily relied soley on London Black Taxis and have not followed other app companies by using Private Hire to transport a percentage of their client base.
All of the major app companies have seen significant investment over the last few months with GetTaxi raising $150 million and Uber a huge $1bn after raising $1.2 billion only 6 months ago.
The huge influx of investment has already seen some apps retreating from unprofitable cities, with Hailo leaving North America altogether in October.
Remo Gerber Chief executive of GetTaxi UK said ‘’We believe by introducing these fantastic flat and fixed prices, consumers will see huge benefits of taking black cabs over minicabs, plus all our drivers are fully licenced and undergo extensive criminal record checks.’’

New Taxi Ranks

NEW TAXI RANK – VIGO STREET
A new taxi rank for 2 taxis has been appointed in Vigo Street. The taxi rank is outside the Burberry shop and operates 24 hours a day.

NEW TAXI RANK – REGENT STREET
A new taxi rank has been appointed in Regent Street. The taxi rank is for eight taxis and operates between 00:00 and 04:00. The rank, which is on the western side of Regent Street, starts just to the south of the junction with Heddon Street. The taxi rank is in the bus lane but only operates when the bus lanes is not operation and has been marked out.

BRESSENDEN PLACE – TAXI DROP OFFS
Don’t forget that if you are dropping off passengers for Eland House, Portland House or other buildings in the area not stop next to or just in front of the lorry holding area on Bressenden Place. A dedicated taxi drop-off space has been provided on Bressenden Place, before the lorry holding area.

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