Car-hailing service Uber takes on taxis with sale

(Justin Sullivan, 2014 Getty Images)
(Justin Sullivan, 2014 Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 7/08 4:12 pm

NEW YORK (AP) — The car-hailing service Uber is taking on New York City's taxis, temporarily dropping some of its prices by 20 percent.

The company says the price of its UberX lower-end service is now cheaper than the rate charged by the city's famous yellow cabs.

The sale in the nation's largest city — one heavily dependent on taxis — comes following similar temporary reductions in the past month in Atlanta, Boston, Washington D.C., Los Angeles, Chicago and San Francisco. Uber says if the reduced fares attract more passengers, it's more likely to keep the prices low.

Founded in 2009, Uber connects cars with passengers through its GPS-enabled smartphone app. With UberX, customers catch rides in run-of-the-mill sedans and minivans. A higher priced service features shiny black Town Cars.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of FOX23 News.

No comments yet!
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.