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London Black Taxi maker Manganese Bronze in administration
Tue, 23 Oct 2012Manganese Bronze – makers of the London Black Cab – has called in administrators after failing to secure funding following a TX4 recall. Manganese Bronze – makers of the iconic London Black Cab – has had a pretty torrid few years. They sold a chunk of their shares in LTI (London Taxis International) to China’s Geely after years of failure to invest in their taxis left them struggling for sales, cash and turnover.
Camaro sales ahead of Mustang for 2011, so far
Thu, 05 May 2011In the sales race between pony cars, the Chevrolet Camaro is beginning to leave the Ford Mustang in the dust. The Camaro has steadily outpaced the Ford Mustang for the first four months this year--the Camaro beat the Mustang by 2,672 sales in April alone. For the year to date, Chevrolet has sold 30,824 Camaros, compared with Ford's 23,599 Mustangs.
Former General Motors CEO Robert Stempel dies
Mon, 09 May 2011Former General Motors CEO Robert Stempel, who led the automaker during a turbulent period of recession and restructuring in the early 1990s, has died at the age of 77. "Bob was a very popular chairman with employees, and his many accomplishments as a visionary engineer included leading the development of the catalytic converter, one of the great environmental advancements in auto history," GM said in a statement. "His knowledge of battery development led to the push for the EV1 electric car, and Bob continued to build his expertise in the electrification of the automobile after he left GM in 1992." Stempel died Saturday in Florida, the Detroit News and Detroit Free Press reported Monday night.