Skip to content

Manganese Bronze resolves steering fault on black cabs

15/11/2012

image

By Duncan Tift – Deputy Editor, West Midlands

STRUGGLING black cab manufacturer Manganese Bronze has announced it has found a solution to the steering problem which forced it to recall more than 400 of its vehicles, effectively tipping the business into administration.
When the fault was discovered the Coventry firm put an immediate freeze on further sales of its TX4 vehicles – a move which starved it of new revenue.
After a suspension of shares last month, the business collapsed and administrators from PwC were appointed to mount a rescue operation.
They said their immediate priority was to rectify the steering fault – traced back to faulty supplies from China – so the cabs could get back on the road and the sales ban could be lifted.
In a statement, the administrators said: “Since being appointed, the joint administrators have focused their resources on developing and testing a solution to repair the steering manufacturing defect as quickly as possible, working closely with The Mayor, Transport for London (TfL), the Licensed Taxi Drivers’ Association (LTDA), other drivers’ organisations and the Vehicle Certification Agency (VCA).
“The administrators today confirmed they have secured supply chain availability and logistics to begin a rapid replacement of the affected parts in the recalled fleet with new steering boxes from a UK supplier.  Starting this weekend, the programme of works is targeted for completion by December 14.”

Advertisements

Comments are closed.

%d bloggers like this: