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London Taxi maker Manganese Bronze bought by China’s Geely
Sat, 02 Feb 2013China 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.
Ford EcoSport baby SUV concept (2012) first pictures
Wed, 04 Jan 2012Ford has shown the new EcoSport concept car – a showcase for a potential new small SUV. Ford calls it 'a new compact SUV.' It's based on Fiesta running gear, to give you an idea of the baby 4x4's footprint. And the best news?
Just how much do F1 drivers earn?
Fri, 01 Jun 2012Business Book GP has published a list of Formula One drivers’ income for piloting their cars round the world’s F1 Grand Prix circuits. Just how much do the drivers of Formula One cars get for risking their lives (well, that may be a bit of an overstatement in 2012) in pursuit of a victory on the track? It seems anything from €150k to €30 million is the spread.