The service will stop operating on UK shuttle commuter routes tomorrow – after just a few months - and on US routes after 1 February.
All Chariot services will cease completely by the end of March.
A statement from the company gave little clue as to why: “In today’s mobility landscape, the wants and needs of customers and cities are changing rapidly. We apologise for the inconvenience this may cause Chariot’s riders and our enterprise customers.”
Parent group Ford has been under pressure worldwide this year, posting significant losses outside of its heartland in North America.
The motor manufacturer recently announced thousands of job losses in Europe and said that it is worried about the effects of a so-called ‘hard Brexit’ if and when the UK leaves the
Chariot says it is committed to ensuring its customers are aware of the decision and have time to make alternative transportation arrangements, and promises to refund all remaining commuter credit balances.