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The manufacturer of the famous London black taxis is money problems

The famous London black taxis through a bad password. The manufacturer has announced its placement in receivership, after the failure of an attempt recapitalization by one of its major shareholders.

The big black with rounded taxis are known worldwide but Manganese Bronze losing money for years under the combined effect of the economic slowdown in the UK and competition from other vehicles such as Mercedes Vito, fililale German giant Daimler.

In addition, the Manganese Bronze has recalled its latest model, the TX4, released in 2006, due to a defect of the system of management. The company stated that the search for a quick solution remained his priority and that it will continue to operate under judicial administration.

She tries to get an injection of liquidity of Chinese society Geeley shareholder has 20 percent.

Roger Maddison, head of the automotive industry in the UK union Unite, requested the intervention of the government, noting that black cabs were part of the heritage of the British automobile industry.

The company Manganese Bronze, whose headquarters is located in Coventry, central England, employs 300 people and manufactures cabs since 1948.

Source: The Canadian Press

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