Exclusive: Mexico City could be first globally to limit Uber cars – draft

Mexico City could become the first city in the world to limit the number of Uber cars, according to draft regulation that the company said on Friday also threatens to wipe out its most popular service in the giant metropolis. Aside from the fleet limit, the plan seen by Reuters aims to enforce a minimum car value of 250,000 pesos ($15,909) on Uber and companies like it, a big worry for the ride-hailing service that is coming under increasing pressure from regulators. The San Francisco-based company said the minimum value would hit hard Uber X, its cheapest and most popular service used by 90 percent of drivers.

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