LEVC's TX extended-range EV now makes up more than 40 percent of all black cabs in London. 6,000 of their vehicles are now operating in the city.

Up to 1,000 new jobs are set to be created in the taxi industry in the coming years, after it was announced that a new £250 million factory is to be built on the outskirts of Coventry. The investment has been made by Chinese manufacturer Geely, owners of the London Taxi Company (LTC), who are the producers of the iconic London black cab.

It’s a reasonably difficult time for London’s iconic black cabs at the moment, with taxi app Uber amongst others providing stiff competition for fares. But there was some good news for the black cab this week, as it was ruled that they are free to continue to operate by using the Capital’s bus lanes. Private taxi firms, however, don’t have this privilege.

Already the world’s most popular cab-hailing app, Uber is looking to further cement its market dominance by allowing third party apps to embed a new ‘Ride Request Button.’

Gett taxi, the cab-hailing app which is currently growing in popularity across the UK, USA, Russia and Israel, has declared taxi app war against giants Uber with a new advertising campaign in New York City.

Taxi app Uber is aiming to invest an incredible $1 billion in order to expand its business in India as it continues on its mission to dominate the taxi industry around the globe.

Controversial cab-hailing firm Uber has doubled the size of its office space after it moved its London headquarters out of King’s Cross and into a 40,000 square feet high-end facility in Aldgate Tower.

Traffic in central London was once again brought to a standstill last week, as members of the United Cabbies Group (UGC) coordinated a protest outside of Transport for London’s headquarters in Victoria Street and in Westminster.

Cab-hailing app Uber is on course to become one of the most valuable venture-backed startup companies in history as its worth accelerates towards the $50 billion mark after a new fundraising push. It means that the mobile app’s value has grown by a huge $10 billion in just six months.

A protest on Tuesday brought famous London high street Oxford Street to a standstill for a number of hours, as black cab drivers in the capital made a stand against Transport for London bosses to raise awareness of the industry’s recent struggles.

Competition in the London taxi market is fierce, with apps such as Uber and Hailo significantly changing the industry in recent months and increasing pressure on drivers of the traditional London black cab.

Mobile taxi app Uber has made the headlines once again in the past few days, with a number of Californian taxi firms suing the company for false and misleading advertisements regarding the safety of its service.

London residents, commuters and tourists will find it easier to flag down one of the city’s iconic black cabs in the near future, as Transport for London announced that an additional 100 taxi ranks will be installed, bringing the total across London to 600 by the year 2020.

Google and Uber could be about to go head-to-head in the race to develop driverless taxis after it was confirmed that both companies are to invest heavily in the technology.

We live in a society where shoppers’ faces fall aghast when unable to pay by card in a shop. Contactless card payments are becoming the norm, and gone are the days of spare change – people now don’t blink at popping a packet of chewing gum on the debit card.