Sheffield Suspends Uber License

HQBroker - Uber name outside a building

Uber’s name is seen outside its headquarters.

The northern English city of Sheffield suspended Uber’s license to operate last Friday. This suspension was due to the company’s failure to respond to requests regarding the management of its taxi app.

The ride-hailing firm was given until December 18 to operate. Sheffield City Council released a statement saying that if the company wishes to appeal the suspension, it will be allowed to operate until the appeal is heard.

“If it decides against an appeal the suspension will come into force,” the council stated.

Uber announced that it has submitted an application for new license on October 16. It is still being processed by local officials.

“While we are in regular contact with the council, we did not receive the correspondence the council refers to as they sent the letters to an incorrect address,” an Uber spokesperson said. “We hope this administrative error can be quickly resolved so we can continue serving tens of thousands of riders and drivers in Sheffield.”

The firm will submit an appeal if its new application is not resolved till December 18. This is to let its drivers continue with the service.

Uber will be heading to court in London next week to defend its right to operate in the capital. London is the company’s most important European market.

The company was deemed unfit to run a taxi service. London’s regulators then stripped off of its license.

Uber-ComfortDelGro Partnership

Uber will be partnering with Singaporean taxi firm ComfortDelGro after striking a joint venture that will boost the U.S. ride hailing firm’s business in the Southeast Asia.

A joint statement was released by the two companies. It stated that the transaction is worth around US$474 million. US$218 million of the transaction was in cash. This has been ComfortDelGro’s biggest transaction to date.

“We are confident that taxis will be around for a long time to come. But we are also aware that the personalized mobility business is a very different one now,” stated ComfortDelGro chairman Lim Jit Poh.

“[Private hire vehicles], with the advent of innovative apps like Uber, have changed the way in which consumers use public transportation and have created a more efficient use of existing resources.” Lim Jit Poh added. “By working together, we feel that we will be able to unleash a lot of synergy which will benefit consumers and drivers alike.”

Today was the announcement of the deal. The Singapore firm will receive 51 percent stake in Uber’s Singapore subsidiary, Lion City Rentals, which leases cars to drivers.

HQBroker is here to give you a daily news roundup about the forex, commodities, technologies, automobiles, and economies. You can open an account now and make yourself updated with essential news in the market.



Categories: Automobile Industry, News

Tags: , , , , , , , ,

Leave a Reply

%d bloggers like this: