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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.
Hyundai incentive includes job loss insurance
Tue, 06 Jan 2009During a focus group meeting in late November, Joel Ewanick, Hyundai Motor America's vice president of marketing, realized no matter how much cash Hyundai piled on the fenders, it probably wasn't going to get buyers into showrooms. Not when they were worried about losing their jobs. "The question for consumers right now is what is going to happen to their income in 2009," Ewanick told Automotive News.
Mercury gets a small car in 2011
Sun, 14 Feb 2010Ford Motor Co. executives confirmed that Mercury will get a new car on the same platform as the Ford Focus. Ford executives told dealers Sunday at the National Automobile Dealers Association convention in Orlando, Fla., that the small Mercury is coming in 2011, the same year the Focus arrives.