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London Taxi maker Manganese Bronze bought by China’s Geely

China automotive giant Geely has bought Manganese Bronze – makers of the iconic London Black Cab – in an £11.04 million deal. The iconic London Black Cab has been an accident waiting to happen for years, as under investment in making the Black Cab fit for the 21st century saw competition – like the Mercedes Vito Taxi and the Nissan NV200 Cab – start to offer serious competition to the taxi that identifies London. Despite an investment by China’s Geely – when Geely bought 20 per cent of Manganese Bronze, makers of the Black Cab – and the bulk of the Black Cab being produced in China and bolted together in the Midlands, the final nail in the coffin for Manganese Bronze was the recall of 400 TX4 cabs over a steering fault.

Spyker in negotiations to sell its sports-car business to focus on Saab

Spyker Cars said Thursday it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov. Spyker, which bought Saab from General Motors Co. a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to U.K.

Land Rover reveals Range Rover Hybrid at the 2013 Frankfurt Motor Show

Land Rover has launched the world's first posh diesel hybrid at the 2013 Frankfurt Motor Show. The Range Rover Hybrid promises V8 diesel performance but with 25% lower CO2 emissions and economy of more than 44mpg. The new Range Rover Hybrid range actually goes on sale today, during the first press day of the 2013 Frankfurt Motor Show, with Land Rover delivering the first models in early 2014.