The global success of the London Taxi Company (LTC) could be hindered by Brexit negotiations, the company’s chairman has warned.
Carl-Peter Forster said at the opening ceremony of the new £300 million LTC plant in Ansty, Warwickshire that he was “sitting tight” to see what would come of the Government’s plans for the UK's withdrawal from the European Union (EU).
“What will happen? We have no idea,” he said. “[All we can do is] make it very clear what’s at stake for all of our countries in Europe. We should know in two or three years time – but [now] it doesn’t feel comfortable, we can all agree on that.”
LTC has plans to sell its new zero-emissions-capable taxi to at least five other global cities outside of the UK, although London and elsewhere in the UK will be targeted first. Negotiations with other European cities are already underway, and recent promotional work in New York suggests the US is also on the agenda.