The London Taxi Company And Euro 5

As previously announced, the only change to the current TX4 range of vehicles is that by January 2012 they will need to meet Euro 5 emissions regulations. There will not be any other specification or mechanical differences to the vehicle. However, due to the engineering changes including the new exhaust system, a Diesel Particulate Filter and the engine recalibration, there will be a £3000 increase in price across the range. This will make the TX4 (Euro 5) Style models £32,995.00 and the TX4 (Euro 5) Elegance models £35,995.00. The Euro 5 TX4 models will go on sale in the last quarter of 2011.

This price increase will be introduced only on the Euro 5 versions of TX4; the current Tx4 (Euro IV) will remain at the price it is today, starting at £29,995.00.

Euro 5 requires all automotive manufacturers to reduce the level of particulates and Nitrogen Oxide (NOx) released into the environment through the tail pipe. To achieve this we have worked with our partners at VM Motori to modify the exhaust and Exhaust Gas Recirculation (EGR) aspects of the existing engine.

Apart from changes to the exhaust and EGR design of the existing engine there will be absolutely no other internal or external differences between the Euro IV and Euro 5 versions of the TX4.

Final calibration and testing of the system is currently taking place in Italy, but The London Taxi Company do not anticipate any significant changes to fuel economy or CO2 emissions between Euro IV and Euro 5.

In London all new vehicles registered after April 2012 must be Euro 5 compliant, however vehicles with Euro IV engines registered before April 2012 will be able to operate without modification for 15 years in line with the Mayor’s recent Air Quality Strategy statement.

Commenting on today’s announcement, Rob Laidler, Sales Director for The London Taxi Company, said “we are announcing our strategy for the introduction of Euro 5 today so that drivers and fleet owners understand our plans for the future. We hope this advance warning will allow our customers to make their purchasing decisions with the full knowledge of the pricing for TX4 (Euro 5).

“We recently made a radical change to our model range with the removal of Bronze, Silver and Gold and the introduction of the Style and Elegance models. When we introduce the Euro 5 changes at the end of this year it will only be the technical changes in the exhaust and engine, there won’t be any other specification or mechanical changes.

“The technical hurdles associated with Euro 5 have been challenging and we have done our best to minimise the on-cost for drivers, however due to increases in component and design costs, the necessity to increase the price is unavoidable. The current price structure of £29,995.00 for Style and £32,995.00 for Elegance models will continue on the TX4 (Euro IV) until we have sold out of the last vehicles in stock”