Taxi Driver Online :: View topic - London taxi maker Manganese warns on losses

Even bigger job losses now the E7 judgment is out!!

Who in their right mind would buy a TX with all this uncertainty going on with LTI?

Brummie Cabbie wrote:

Even bigger job losses now the E7 judgment is out!!

Who in their right mind would buy a TX with all this uncertainty going on with LTI?

Not sure....but I suspect when the factory closes you're area will see a massive influx of budding cab drivers :lol:

Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry.

Quote:

Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry.

Would that be the one without the rear wheel steer :?:

thats no longer needed

skippy41 wrote:

Quote:

Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry.

Would that be the one without the rear wheel steer :?:

thats no longer needed

I believe they do the one with the rear wheel steering, because all the other suppliers do their own.

Why do you ask Mr Skippy41 ..... are you getting interested in a Merc WAV now?

Would yours be with or without the 25 foot turning circle?

Brummie Cabbie wrote:

skippy41 wrote:

Quote:

Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry.

Would that be the one without the rear wheel steer :?:

thats no longer needed

No not interested ,just wondering due to the judgment it would make them a bit cheaper for those who want one if they did not have to modify them

The information I have received is that they may use the superb chassis and fit the 2.5 VW with auto box.
But there is also the other option on the cards and that is they get permission from VW to modify the transporter

skippy41 wrote:

That's one you don't want ..... lovely WAV but the mpg is scandalous!

skippy41 wrote:

That's one you don't want ..... lovely WAV but the mpg is scandalous!

skippy41 wrote:

That's one you don't want ..... lovely WAV but the mpg is scandalous!

Author:	captain cab [ Wed Sep 30, 2009 9:25 am ]
Post subject:	London taxi maker Manganese warns on losses
London taxi maker Manganese warns on losses, jobs * Looking at restructuring loss-making UK operations * Warns of possible job cuts * Vehicle sales for 8 months to end August fall 9.1 percent * Shares fall 19 pct to four month low LONDON, Sept 30 (Reuters) - Manganese Bronze Holdings (MNGS.L), maker of London's trademark taxi cabs, issued a profit warning on Wednesday and said job losses were likely as part of a restructuring of its loss-making British operations. "Overall, while group operating performance is expected to show year on year improvement, the outcome for the full year is expected to be a loss below current market expectations," it said. It is starting formal consultation with its workforce and others to examine ways of returning its UK operation to profitability, the company said in a statement. "The consultation will be wide ranging and will review all options including rationalisation of the current manufacturing operations which could result in a number of redundancies," it said. Manganese said trading in the UK continued to be negatively impacted by the recession and that lower volumes with high discounts and marketing initiatives had resulted in continuing losses. Overall vehicle sales for the eight months to end August fell 9.1 percent to 1,207 vehicles. "The manufacturing breakeven level continues to be approximately 2,000 vehicles per annum," it said, adding that UK sales are expected to remain below that level. Shares in the company were down 18.7 percent at 157 pence by 0715 GMT and at their lowest level since late May.

Author:	Brummie Cabbie [ Wed Sep 30, 2009 9:48 am ]
Post subject:
Even bigger job losses now the E7 judgment is out!! Who in their right mind would buy a TX with all this uncertainty going on with LTI?

Author:	captain cab [ Wed Sep 30, 2009 9:52 am ]
Post subject:
Brummie Cabbie wrote: Even bigger job losses now the E7 judgment is out!! Who in their right mind would buy a TX with all this uncertainty going on with LTI? Not sure....but I suspect when the factory closes you're area will see a massive influx of budding cab drivers CC

Author:	Brummie Cabbie [ Wed Sep 30, 2009 9:55 am ]
Post subject:
captain cab wrote: Brummie Cabbie wrote: Even bigger job losses now the E7 judgment is out!! Who in their right mind would buy a TX with all this uncertainty going on with LTI? Not sure....but I suspect when the factory closes you're area will see a massive influx of budding cab drivers CC I don't think there are 100 people employed at LTI & they would all go into Coventry anyway. Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry.

Author:	skippy41 [ Wed Sep 30, 2009 9:57 am ]
Post subject:
Quote: Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry. Would that be the one without the rear wheel steer thats no longer needed

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Author:	Brummie Cabbie [ Wed Sep 30, 2009 10:02 am ]
Post subject:
skippy41 wrote: Quote: Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry. Would that be the one without the rear wheel steer thats no longer needed I believe they do the one with the rear wheel steering, because all the other suppliers do their own. Why do you ask Mr Skippy41 ..... are you getting interested in a Merc WAV now? Would yours be with or without the 25 foot turning circle?

Author:	skippy41 [ Wed Sep 30, 2009 10:05 am ]
Post subject:
Brummie Cabbie wrote: skippy41 wrote: Quote: Some would also go to work for the Mercedes Vito Taxi people that are also in Coventry. Would that be the one without the rear wheel steer thats no longer needed I believe they do the one with the rear wheel steering, because all the other suppliers do their own. Why do you ask Mr Skippy41 ..... are you getting interested in a Merc WAV now? Would yours be with or without the 25 foot turning circle? No not interested ,just wondering due to the judgment it would make them a bit cheaper for those who want one if they did not have to modify them

Author:	skippy41 [ Wed Sep 30, 2009 10:28 am ]
Post subject:
The information I have received is that they may use the superb chassis and fit the 2.5 VW with auto box. But there is also the other option on the cards and that is they get permission from VW to modify the transporter

Author:	captain cab [ Wed Sep 30, 2009 10:34 am ]
Post subject:
Brummie Cabbie wrote: skippy41 wrote: The information I have received is that they may use the superb chassis and fit the 2.5 VW with auto box. But there is also the other option on the cards and that is they get permission from VW to modify the transporter That's one you don't want ..... lovely WAV but the mpg is scandalous! You're right.....he doesn't want one! CC

Author:	skippy41 [ Wed Sep 30, 2009 10:41 am ]
Post subject:
Brummie Cabbie wrote: skippy41 wrote: The information I have received is that they may use the superb chassis and fit the 2.5 VW with auto box. But there is also the other option on the cards and that is they get permission from VW to modify the transporter That's one you don't want ..... lovely WAV but the mpg is scandalous! Its not as bad with common rail, the PD only achieved around 28 mpg in urban conditions, the CR now manages 35 but with the DSG box

Author:	diesel [ Wed Sep 30, 2009 1:52 pm ]
Post subject:
as opposed to a TX4 auto which does even less

Author:	Stationtone [ Wed Sep 30, 2009 6:29 pm ]
Post subject:
More info LONDON (SHARECAST) - Black cab manufacturer Manganese Bronze continues to bleed money in the UK and has opened negotiations with its workforce and other stakeholders to find ways of returning the company to profitability. Among the solutions being considered are a rationalising of the current production facilities and a concomitant reduction in the workforce. Trading in the UK continues to be weak, with sales in the first eight months of the year down 9.1% to 1,207 vehicles from 1,328 vehicles in the corresponding period of 2008. The company needs to sell around 2,000 vehicles a year to break even and although lower cost Chinese parts used in the production process should have lowered the break-even point, the bar has been raised again by price increases from UK suppliers and the need to offer potential customers discounts in order to secure sales. The 48% owned joint venture in China, Shanghai LTI (SLTI) is seen as the best hope of securing the long term future of the group but the speed of the ramp up of international sales has been below expectations. SLTI has started production and has sold 109 vehicles in the Asian market and a further 15 vehicles to international markets but sales growth has been hampered by a number of factors, ‘the principal one being a shortage of international customer finance facilities.’ Customer orders for 150 vehicles are in limbo pending resolution of a number of issues, most of them relating to financing. As at 28 September the group had net cash and cash equivalents of £3.4m, and net debt of £6.7m after stocking loans of £10.1m representing the stocking finance associated with finished goods inventory.

Author:	Nigel [ Thu Oct 01, 2009 3:35 am ]
Post subject:
Brummie Cabbie wrote: skippy41 wrote: The information I have received is that they may use the superb chassis and fit the 2.5 VW with auto box. But there is also the other option on the cards and that is they get permission from VW to modify the transporter That's one you don't want ..... lovely WAV but the mpg is scandalous! It sure is, a guy from round our way has a VW automatic, I think he struggles to get into the 30's for his MPG.

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