PARIS (Reuters) - Paris local authorities have ended the Bollore group's contract to operate the Autolib electric vehicles fleet due to financial difficulties at the pioneering car-sharing scheme.
Local councillors for the Syndicat Autolib' Vélib' Métropole (SAVM), which manages the scheme for about 100 municipalities in the Paris region, on Thursday refused a request by Bollore to contribute 233 million euros towards its budget shortfall.
Launched in 2011, Autolib has 150,000 active users and its silver-coloured small cars have become a familiar sight on Paris streets.
But persistent issues with cleanliness, problems with parking and booking as well as competition from other modes of transport such as Uber have pushed the service into the red, with cumulated losses of 293 million euros expected by 2023.
(Reporting by Julie Carriat; Writing by Geert De Clercq)