Fleet News

JLR revealed as potential buyer of Addison Lee

Addison Lee Group is investing £41 million on 1,200 Volkswagen Sharan MPVs

Jaguar Land Rover (JLR) is planning to buy taxi firm Addison Lee in a potential £300m deal, according to reports.

The Coventry-based car maker has been named as one of the prospective purchasers, following the announcement that Addison Lee’s current owners, American private equity firm the Carlyle Group, plans to sell the business.

Falling diesel sales and a decline in the Chinese market has left JLR in a challenging position. In February, it posted its biggest quarterly loss of £3.4bn and announced it would shed about 4,500 jobs.

The move would enable JLR to position itself for a possible future of shared ownership and driverless cars.

Addison Lee is involved in a number of project that aim to develop autonomous vehicles and ride-sharing services.

Last year it joined forces with autonomous driving tech company Oxbotica with a view to put fully autonomous vehicles on the road in London by 2021.

The ambitious co-operation project between Addison Lee and Oxbotica will see the former’s fleet of around 4,800 vehicles in the capital gradually transitioning to feature more autonomous vehicle (AV) technology.

JLR and Addison Lee have been working together since last year on the ServCity project, which aims to develop a fleet of six autonomous Land Rover models to provide a premium mobility service.

Addison Lee won the 2019 Fleet News Award for Fleet of the Year 1,001+ vehicles. It currently operates a large number of Ford vehicles and recently signed a new deal to buy more than 1,000 Volkswagen Sharans.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee