wrote:
On Tue, 23 Oct 2012 13:13:17 +0100
Recliner wrote:
It's likely that Geely will buy Manganese Bronze cheaply from the
receiver, sans debts. The taxis are already mainly based on Chinese

Possibly.

components, so they might as well assemble the London taxis in
Shanghai, as they already do the cabs destined for other markets. Or

Are there many other markets? That whole "traditional" british schtick only
takes you so far. If the vehicle is crap no one will buy it unless they've
got no other option, especially at the silly money they were charging.
It sank without trace in the US when they tried to flog it there IIRC.

It's not looking good:
"The administrators of Manganese Bronze, the Coventry-based company that
makes London black cabs, are making 156 staff redundant with immediate
effect.

The announcement from PricewaterhouseCoopers (PwC) comes just a day after
it said it was in talks with an "encouraging" list of parties interested in
the company's rescue.

The redundancies account for more than half of the firm's 274 UK employees.

The Unite union said it was outraged at the "ruthless sacking" of staff.

The job losses affect both the group's head office and manufacturing site
in Coventry, with 99 out of 176 employees there being made redundant."
-- end quote
More in http://www.bbc.co.uk/news/business-20160247