Manganese Bronze, known for the iconic London Taxi have been forced into administration.

The Coventry based firm, trading under the name ‘London Taxi Company‘ had a fault with 400 vehicles leaving the company to have its shares removed. Owning a factory in London that is currently home to 170 jobs and a further 118 members elsewhere, the company is in dire need of government help. However, the company remains “hopeful”.

National Officer, Roger Maddison said that Chinese shareholder ‘Geely’ partners since 2006 are a key to helping and if that falls through then the government may have to step in.

He adds:

“This is what the government’s plan for saving the economy is.

“They’re going to have to come up with some money and help and they’re going to have to come up with it soon.

“They’re shedding jobs in the public sector and expecting the private sector to pick up that work so when companies like London Taxis are in trouble they’re going to have to help otherwise their whole business plan is going to fail.”

Right now it’s unknown where Manganese Bronze stand. Are their ‘hopeful’ words truly as confident as they appear? Or are they just to relax the minds of employees? I have a feeling we’ll soon find out. Stay tuned to Motor Trade News and we’ll have the scoop!