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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.

2013 Lotus Evora gets $68,285 base price

Lotus is adding its Intelligent Precision Shift automatic transmission to the supercharged version of the Evora for the 2013 model year. The automatic was available on the naturally aspirated Evora for the 2012 model year, while the Evora S offered only a six-speed manual. The base 2013 Lotus Evora carries a sticker price of $68,285 including $1,485 in destination, while the S model with the rear seats will sticker at $80,085.

Chevrolet Volt leads satisfaction survey

The Chevrolet Volt plug-in hybrid has topped Consumer Reports' latest owner-satisfaction survey after its first year on the market. The magazine said 93 percent of respondents who own a Volt said they would definitely purchase one again, making it the highest-rated car in the annual poll. Two second-place finishers, the V8-powered Dodge Challenger and the Porsche 911, drew the most-favorable grade from 91 percent of buyers.