Car firms jostle for green light on Beijing taxis

Newswire

BEIJING, Aug 30 (Reuters) - Car companies are lining up bumper to bumper to take on the coveted role of producing a new Beijing taxicab, the China Daily state newspaper said on Monday. The Chinese capital has deliberated since 2002 on which models would become the new standard taxicabs, a decision that would give manufacturers access to a huge market. "Many auto-makers from home and abroad are drooling over the city's taxi market, which boasts 64,000 cabs with a renewal rate of 20-30 ...

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