The black cab is an iconic feature on London's roads. It has been on the capital's roads for 54 years.
And today, is a good news day for the survival of this classic car as the Chinese firm Geely saves London taxi cab maker Manganese Bronze.
The Coventry based black taxi manufacturer LTI has been sold to the Chinese car maker Geely for £11.4m.
Daniel Li, chairman of Geely's UK arm said the group intended to develop greener taxi models as well as ones "to be exported around the world."
He also confirmed all 400 taxis that were recalled in October over faults with the steering box have since been fixed and are back in use.
"We are delighted to have completed the acquisition of MBH's business and we are determined to restore the fortunes of this totemic marque which is known, recognised and admired all around the world," said Li Shufu, group chairman at Geely.
The deal was welcomed by Boris Johnson, the Mayor of London.
He said: 'I am delighted that Geely has successfully secured the future of the London Taxi Company, ensuring the continuing manufacture of a world famous, fully accessible and instantly recognisable vehicle synonymous with London.'
What a relief that this great icon will continue to be a feature on our capital's streets!
Sources: The Telegraph, BBC News Online, Daily Mail
And today, is a good news day for the survival of this classic car as the Chinese firm Geely saves London taxi cab maker Manganese Bronze.
The Coventry based black taxi manufacturer LTI has been sold to the Chinese car maker Geely for £11.4m.
Daniel Li, chairman of Geely's UK arm said the group intended to develop greener taxi models as well as ones "to be exported around the world."
He also confirmed all 400 taxis that were recalled in October over faults with the steering box have since been fixed and are back in use.
"We are delighted to have completed the acquisition of MBH's business and we are determined to restore the fortunes of this totemic marque which is known, recognised and admired all around the world," said Li Shufu, group chairman at Geely.
The deal was welcomed by Boris Johnson, the Mayor of London.
He said: 'I am delighted that Geely has successfully secured the future of the London Taxi Company, ensuring the continuing manufacture of a world famous, fully accessible and instantly recognisable vehicle synonymous with London.'
What a relief that this great icon will continue to be a feature on our capital's streets!
Sources: The Telegraph, BBC News Online, Daily Mail
