The manufacturer of London's black cabs, Managanese Bronze, has called in administrators following mechanical faults and failure to secure new funding.
PwC has been lined up to handle the administration, but has not been officially appointed yet. The Coventry-based company suspended its shares on October 12, following a recall of more than 400 vehicles after discovering a fault with the steering mechanism. The company at the time said: “Until such time that a technical solution is…
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