Uber Technologies Inc. and London’s transportation authorities pledged to continue negotiations over a proposed ban that could take the ride-hailing service off the roads in the company’s largest European market.
Uber’s new CEO Dara Khosrowshahi flew into London for a Tuesday meeting with Transport for London to try to salvage the company’s business in its largest European market. No deal was reached, but both sides said the meeting was fruitful.
“Our new CEO had a constructive meeting with the Transport Commissioner this afternoon,” Uber said in a statement. “We hope to have further discussions over the coming weeks as we are determined to make things right in London.”
Uber’s license was revoked last month, a surprise move by regulators that could affect thousands of drivers and millions of passengers.
“Today’s constructive meeting centered on what needs to happen to ensure a thriving taxi and private hire market in London where everyone operates to the same high standards,” Transportation for London, the regulator, said in a statement. “Further steps in this process will take place over the coming weeks.”
Khosrowshahi is juggling the requests from TfL with a boardroom battle in San Francisco with former CEO and co-founder Travis Kalanick. The board is scheduled to vote Tuesday on a large stock sale to SoftBank Group Corp. and governance rules that would diminish Kalanick’s clout.
Uber has several challenges in the U.K. On Monday, the manager in charge of the U.K. and Northern Europe, Jo Bertram, said she was stepping down after four years at the company. Meanwhile, U.K. judges are also deciding whether Uber needs to classify drivers as workers entitled to more benefits, a potentially significant shift for Uber’s business.
©2017 Bloomberg L.P.