Ansty, a town just north of Coventry seems an unusual place to be at the forefront of the future of London's iconic black cab trade. However it is here that, following the raising of $400 million, LTC, owned by Geely, the Chinese car maker, will equip the factory where the new TX5 will be built.
The TX5 is a six seat, electric - hybrid vehicle designed to meet the new vehicle emissions roles that come into force in London in 2018. The aim is for the vehicles to have a single charge electric zero emission range of 100 miles. It is estimated that the TX5 will set back cabbies a cool £42,000 and should be available next year. Tradex look forward to seeing the cabbies popping into their iconic Minories office to ensure the latest generation of black cabs to hit London's streets.
Make sure your taxi is insured.
Image source: http://www.autoexpress.co.uk/93221/new-london-taxi-tx5-black-cab-revealed-pictures
Motor trade insurance is essential for those in vehicle sales or service, covering specific industry risks like customer vehicle liability and third-party incidents. Managing costs is vital, as high premiums impact profitability. Find out how you could reduce the cost of a premium.
To stay compliant as a young professional starting out in the motor trade industry, you will need a specialised policy tailored to the particular needs (and risks) of younger drivers. Read our guide to learn more.