NEW YORK (CBSNewYork/AP) — The car service app Uber Technologies announced pans Tuedsay Tuesday to cut its prices temporarily in New York City, so as to make its service cheaper than a yellow cab.
The San Francisco start-up said Monday it is reducing fares by 20 percent for its UberX service, which allows smartphone users to hire drivers of livery cars. It does not apply to customers using the app to e-hail a yellow cab.
Uber New York City general manager Josh Mohrer said that if the price cut experiment works, it will continue.
The Taxi Workers Alliance, which represents yellow-cab drivers, took issue with the move – saying it means less income for its drivers.
The Taxi and Limousine Commission said that as long as high standards are maintained consumers will choose the best service for their needs.
Check Out These Other Stories From CBSNewYork.com:
- 6/24 CBS2 Saturday Morning Weather Headlines
- N.J. Health Dept. Warns Of Possible Measles Exposure In Burlington, Camden Counties
- NYPD: Woman Attacked When Man Forces His Way Into Her Brooklyn Home
- President Trump Pushes Back On Immigration, Stands With So-Called ‘Angel Families’
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)