Tuesday, January 31, 2017

No Charging Units Planned For Feeder Park, As No One Wants To Pick Up The Bill.

Strange happenings at LTC's Coventry plant as they step up production. It is believed there have been grave concerns about the future of the New London Taxi the TX5, as driver groups voice concerns about affordability. 

It's recently emerged that the fast charging units planned for the feeder park at Heathrow, will not be installed, as both BA and TfL refuse to pay the quarter of a million pound price tag for the sub station and 8 units. 

Considering the TX5 will be the only new cab available in 10 months time, virtually no new charging points have emerged anywhere across London. 

After making a 300 million pound investment in a new plant close to the existing facility (which makes the current range of London Taxis), Geely, is aiming for a ten-fold increase in annual output to around 10,000 cabs and light commercial vehicles by the turn of the decade. They are also looking to sell taxis to major European cities. (With their price tag and no subsidy, good luck with that one!)

Despite industry concerns, the cab-maker has pushed ahead with its investment plans and has nearly completed a new factory in central England. 

LTC, traces its roots back to 1899 and was bought by Geely back in 2013 after a series of Taxi engine fires put the company into administration. Executives have visited cities such as Oslo, Amsterdam, Paris and Berlin in recent months, seeking new markets for the London black taxi. It's not clear whether they will be pushing the expensive new TX5 electric Taxi or will carry on production of the TX4 euro 6. 

Chief Executive Chris Gubbey declined to say which city would be the first overseas market for the cab but the firm will aim to export its new low-emissions model from next year.

"We'll start selling them in 2018," Gubbey said, acknowledging that it will be tricky to break into markets long dominated by other brands.

"They tend to be very nationalistic in their products and I think knowing that, we have to very sensible about what we believe can be our rate of climb in terms of market share," he said, referring to some European cities. 

Gubbey has recently said the Brexit vote and uncertainty around the country's future trading arrangements had not prompted any investment changes but still, there were major concerns.