Manganese is considered the last Coventry-based auto manufacturer. However, manufacturing was moved to China after the Geely deal and the parts are merely assembled in Coventry. That hasn't provided the expected savings, and when the new TX4 cab needed to be recalled earlier this year over a steering fault, the money crunch got tighter. On top of that, Manganese owners have been complaining about service for years, Mercedes has been swiping customers with a Black Cab Vito, Nissan is poised to swipe more with its NV200. Point being, it has a great deal of work to do in order to be a going concern again.
A statement released by the company says, "The Board remains hopeful that the fundamental strengths of the company, the TX4 model and its global reputation will provide the platform for a successful business in the future."