Former chief executive Liam Griffin is to be reappointed to run the company after banks agreed a bailout deal for the struggling company.
Addison Lee’s banks are planning to take control of the company in a bid to avoid the threat of administration. The move is in reaction to a lack of progress in selling the business, which is facing a debt replayment of more than £250m in April.
Ambitious private hire group Veezu claims it has overtaken Addison Lee to become the largest private hire operator in the UK, following the acquisition of two more companies in South Wales.
Uber has announced an agreement for Nissan to supply up to 2,000 electric cars to its drivers in London. Under the deal drivers will be able to apply to use the vehicles, which are manufactured at Nissan’s Sunderland factory.
Congestion charge data reveals only 75,000 individual PHVs entered Central London zone between April and November
More than 75,000 individual private hire vehicles have paid the capital’s Congestion Charge in the first eight months since TfL withdrew exemption from the charge to the trade.
A six-month trial of wireless charging technology for electric taxis in Nottingham has been announced by the Department for Transport.
Transport for London and electric vehicle charging network Engenie have opened London’s first EV rapid charging hub in car park at Stratford International railway station.
A decision to move the taxi rank from the front of Brighton railway station to the rear has angered taxi drivers and motorists as a result of increased congestion and, as a result, higher fares.
Hackney carriages in Hartlepool are set to remain yellow after a consultation about changing the colour to white, black or silver.
Electric private hire vehicles will be allowed in Coventry under changes proposed by the city council. And it has also been proposed that minimum seat sizes will be scrapped, with both plans set to be approved this month.
Former Addison Lee CEO Liam Griffin is trying to put together a £125 million rescue bid for the company.
American investment giant Cerberus Capital Management is the latest potential buyer for Addison Lee, according to a Sky News report.
Uber rival Bolt wants to talk to existing private hire operators as it rolls out its ride-hailing service throughout the UK.
While Uber starts another appeal process to regain its licence, another ride-hailing app is preparing to launch into the London marketplace.
Uber’s ongoing London troubles could spread across the UK as a number of city authorities have instigated reviews of the ride-hailing company’s local operations.
Mercedes-Benz scooped the top prize at the 2019 Professional Driver car of the Year Awards. Britain’s chauffeurs and Private Hire drivers voted the new Mercedes-Benz V220d Long as Car of the Year for 2019. The car also took the prize for MPV of the Year for the third year running.
Transport for London has refused to issue Uber with a new operator’s licence after the regulator ruled it did not meet the “fit and proper” requirements for private hire operators.
Carlyle Group is increasing the pressure to sell Addison Lee after it emerged that the company is facing a debt repayment early next year of £200 million.
Transport for London should look at scrapping or at least delaying its requirement for all new private hire vehicles registered in the capital from January 1, 2020 to be “zero-emissions capable” in order to gain exemption from the Ultra-Low Emissions Zone.
National standards for private hire vehicles and drivers should be absolute, LPHCA chairman Steve Wright (pictured above) believes. He used the association’s annual roadshow last week to call on the government’s Task & Finish group to look at a proper national standard, not a minimum requirement as part of new proposed rules for the trade.
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