2 Articles
1 / 1
24London Black Taxi manufacturer sold to China's Geely

Geely, the Chinese company that also owns Volvo, now owns Manganese Bronze Holdings (MBH), makers of London's Black Cab. MBH went into administration late last year, and some had looked to Geely to rescue the company in which it had a 19.7-percent equity stake. Although it's taken three months to strike a deal, and more than half of the workforce was let go, Geely finally agreed to buy MBH for 11.4 million pounds ($17.9M US).

46Beijing Preview: Geely reinvisions London's iconic taxi with its Englon TXN

Geely Englon TXN – Click above for high-res image gallery

1 / 1