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Dahon
UK Folding Bike Sales Boosted by London Congestion Charges
Sales surge 40% over the year earlier period.
DUARTE, California — September 2003 — Dahon
California, Inc., the world's leading manufacturer of folding bicycles,
today announced that UK sales had jumped more than 40% over the year
earlier period since the implementation of the London congestion charge.
Put into effect on February 17, 2003 the London congestion charge
requires motorists to pay £5 for driving within the city center.
The objective is to reduce gridlock in the city and encourage people
to use alternative forms of transportation.
"The congestion charge was a bold move by the city of London
and by almost all accounts, it's been a huge success," stated
Dr. David Hon. "Cycling has become faster and safer and the city
more "livable". We expect that a lot of other cities are
watching London's example closely and will follow suit in the near
future. We need more people like Ken Livingstone to push for sustainable
transport. Naturally we are very pleased that our bicycles are part
of the solution and are playing an important alternative transport
role." Dahon expects the London congestion charge to provide
a continuing positive impact to folding bicycle sales. For 2004, Dahon
expects to introduce several new commuter models. |
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