Administrators appointed to maker of London taxis

The maker of the distinctive London taxi is to appoint administrators after it failed to secure a funding boost from one of its largest shareholders.

Administrators appointed to maker of London taxis
Mon, 22 Oct, 2012 - 15:02

The maker of the distinctive London taxi is to appoint administrators after it failed to secure a funding boost from one of its largest shareholders.

Coventry-based Manganese Bronze was reportedly in talks with Chinese private automaker Geely, which owns a 20% stake in the firm, about a £15m (€18.4m) loan.

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