ABC Touring Car Company

ABC Touring Car Company is a Hong Kong-based, non-franchised bus operator providing services between Tuen Mun and urban centers. The company is currently newsworthy due to its precarious financial situation, brought on by soaring fuel prices. Recent developments include the company announcing immediate service reductions as a cost-cutting measure. ABC Touring Car Company has warned that it may cease operations entirely if the situation does not improve, stating that current operations are financially unsustainable. This situation highlights the broader challenges faced by the transportation sector in Hong Kong due to rising oil prices, prompting calls from lawmakers for government intervention in the form of fuel subsidies and fare increase approvals for non-franchised operators.