LTI Vehicles

News : London Taxi Company given go-ahead for new £150m plant

News : London Taxi Company given go-ahead for new £150m plant

Story: Coventry Telegraph Additions: Andrew Elphick Coventry’s London Taxi Company has been given permission to build a new plant at Ansty Park. Officials at Rugby Borough Council gave the go-ahead for a new £150million factory at a recent Planning Committee meeting. The application is for a state-of-the-art facility for research, development and assembly of high […]

News : LTI announces production restart

News : LTI announces production restart

Keith Adams Full-scale production of TX4 black cabs at The London Taxi Company’s factory in Coventry is set to restart in September. Vice President of UK Operations Peter Johansen (above) has confirmed that ex-colleagues made redundant during the administration process will be the first to offered new jobs. More than 70 ex-production members will be […]

News : Geely – sinner to saviour?

News : Geely – sinner to saviour?

Andrew Elphick The Administrators of Manganese Bronze – PricewaterhouseCoopers (PwC) – have confirmed that Geely has successfully purchased the assets of the London Taxi company for £11.04m. The headline figure (equivalent to 345 new TX4 Style models) includes the Coventry-based factory, London’s Mann and Overton dealership together with satellite sites in Manchester and Edinburgh. The other assets which […]

Blog : Manganese Bronze – the insider’s view

Blog : Manganese Bronze – the insider’s view

Matt ‘Insider’ I was one of the 156 made redundant by LTI in October, so hope I can throw in my penny’s worth … A lot has been said about the TX4 needing to be updated. This is very true, it was starved of development cash and the number of R&D staff at LTI had […]

News : Black cab Monday for Manganese Bronze?

News : Black cab Monday for Manganese Bronze?

Andrew Elphick ‘Where to guv?’ ‘Holyhead Road, Coventry’ ‘That where this cab was made! You work for LTI?’ ‘Sorry driver, no – Pricewaterhouse Cooper…’ If the hypothetical conversation above sounds familiar, that’s because it is. Rewind to 8 April 2005, and MG Rover calling in Pricewaterhouse Cooper (PwC). We all know how that saga ended […]

Press Report : Geely Automobile declines to up investment in UK cab firm

Press Report : Geely Automobile declines to up investment in UK cab firm

Automotive News Europe/Reuters, 13th August, 2010 LONDON (Reuters) – Money-losing Manganese Bronze Holdings PLC, which builds London’s black cabs, may need to look for a new investor after Chinese group Geely Automobile Holdings Limited decided not to buy a 14 million pound ($21.83 million) controlling stake. Geely Automobile, whose privately held parent, Zhejiang Geely Holding […]

Press Report : China’s Geely set for control of London Taxi maker

Press Report : China’s Geely set for control of London Taxi maker

Automotive News Europe/Reuters, 18th March, 2010 LONDON (Reuters) — China’s Geely Group is set to increase its grip on money-losing London black cab taxi maker Manganese Bronze by taking a controlling stake and moving more of the production of the TX4 cab to China. Geely, China’s largest privately owned car maker, is also in talks […]