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London Taxi maker Manganese Bronze bought by China’s Geely
Sat, 02 Feb 2013China automotive giant Geely has bought Manganese Bronze – makers of the iconic London Black Cab – in an £11.04 million deal. The iconic London Black Cab has been an accident waiting to happen for years, as under investment in making the Black Cab fit for the 21st century saw competition – like the Mercedes Vito Taxi and the Nissan NV200 Cab – start to offer serious competition to the taxi that identifies London. Despite an investment by China’s Geely – when Geely bought 20 per cent of Manganese Bronze, makers of the Black Cab – and the bulk of the Black Cab being produced in China and bolted together in the Midlands, the final nail in the coffin for Manganese Bronze was the recall of 400 TX4 cabs over a steering fault.
NO SIGN OF SLUMP IN VALUES ACCORDING TO LATEST REPORT
Thu, 10 Oct 2013DEMAND continued to keep values relatively firm in the used commercial vehicle market in February, according to leading vehicle auction specialist, British Car Auctions (BCA). Despite volumes rising sharply average values fell by £76 (1.8%) in February while sold volumes increased by nearly 13% over the same period, following a near 50% increase between December and January. Average monthly values have broadly remained between £4,000 and £4,200 since summer 2010.
The £1300 car
Wed, 09 Jan 2008By Tim Pollard Motoring Issues 09 January 2008 12:21 One of the most intriguing cars of the year will be unveiled later this week: the Tata one-lakh car that could redefine budget transport for the masses. The £1300 bargain will be launched at the New Delhi Auto Show amid an anticipated media storm. Tata hopes to mobilise India with the one-lakh car, named after the Indian shorthand for 100,000 rupees, the equivalent £1300.



