Has The Credit Crunch Crippled Black Cabs?

John Russell, the leader of Manganese Bronze who produce the famous London Black Cab has announced grave uncertainties over the company’s future. Until further notice, the company has halted taxi production amidst the administrators being called in. The company and its 288 employees face an uncertain future as there appear to be no current buyers.

Manganese Bronze who have been loss making since 2008 faced further damaging problems when it had to recall a number of vehicles due to malfunctioning gearboxes. This was followed by a suspension in the company shares. When asked when the company may begin to resume black cab production, a spokesman confirmed that this was as yet unknown.

(Source)