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Production set to restart at taxi maker LTI
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Author:  captain cab [ Tue Feb 05, 2013 10:14 am ]
Post subject:  Production set to restart at taxi maker LTI

Production set to restart at taxi maker LTI



PRODUCTION of black cabs in Coventry could be restarted within the next few weeks, the new owners of London Taxi International have said.

Manganese Bronze’s former Chinese joint venture partner Geely has bought the LTI operation from administrators in a deal thought to be worth more than £11m.

The new company, Geely UK, has said it has ambitious plans for the business – which may evolve beyond just taxis as the company looks to use the LTI dealership network as a distribution outlet for its own Chinese-produced vehicles.

Around 100 staff have been retained at the LTI plant and they have spent the past few months retro-fitting new steering boxes to the unsold vehicles already produced by the time the company entered administration last September.

If production is stepped up then new models and investment may be pumped into the operation and new jobs created – possibly for some of the 140 staff made redundant when the business collapsed last year.

Meanwhile, Unite, Britain's biggest trade union, has welcomed Geely’s decision to purchase the LTI assets.

The union not only represents the LTI workers at Coventry but also more than 1,000 London cab drivers.

Peter Coulson, Unite regional officer, said: "Geely's decision to buy the London Taxi Company and to keep production in Coventry is a testament to the skills of the workforce that build the iconic black cab.

"Black cabs have been built in Coventry since 1948. Without the Coventry base the vehicle would have lost its unique character. Unite has been in constructive talks with Geely and we look forward to a strong working relationship in the future."

Unite assistant general secretary Tony Burke said: "This is great news for British manufacturing. There were genuine fears that the future of the black cab was under threat.

"It's encouraging that Geely has already begun talking constructively with Unite about the future.”

source: http://www.thebusinessdesk.com/westmidl ... ion=54023#

Author:  trotskys twin [ Tue Feb 05, 2013 6:48 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

Good but given its a pile of shyttte what mugs will buy it oh yes CABBIES :badgrin: :badgrin: :badgrin: :badgrin:

Author:  wannabeeahack [ Tue Feb 05, 2013 6:56 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

Quote:
All posts by this contributor are made in a strictly personal capacity and as such should not be associated with any organisation whatsoever!


aint they fecking glad about that!

Author:  Sussex [ Tue Feb 05, 2013 7:57 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

I'm pleased the vehicles and the lads are back on the production line. \:D/

And maybe with the financial clout of the new Chinese owners they might actually be a bit more competitive, and a bit more reliable.

Author:  captain cab [ Tue Feb 05, 2013 11:22 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

Sussex wrote:
And maybe with the financial clout of the new Chinese owners they might actually be a bit more competitive, and a bit more reliable.


so basically all they need to do is design a completely new vehicle with a decent engine :lol:

Author:  Sussex [ Wed Feb 06, 2013 8:05 am ]
Post subject:  Re: Production set to restart at taxi maker LTI

captain cab wrote:
so basically all they need to do is design a completely new vehicle with a decent engine :lol:

Would solve their problems overnight. :D

Author:  edders23 [ Wed Feb 06, 2013 12:37 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

captain cab wrote:
Sussex wrote:
And maybe with the financial clout of the new Chinese owners they might actually be a bit more competitive, and a bit more reliable.


so basically all they need to do is design a completely new vehicle with a decent engine :lol:



ermmmm don't all Chinese car manufacturers use Japanese engines ? Not heard of one designing and building their own I think it is far more likely they'll stick with what they've already got

Author:  cabby john [ Wed Feb 06, 2013 5:45 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

Quote:
so basically all they need to do is design a completely new vehicle with a decent engine


With a realistic price tag - they screwed people for years, and ended up paying the penultimate price.

Author:  Nidge2 [ Wed Feb 06, 2013 8:24 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

cabby john wrote:
Quote:
so basically all they need to do is design a completely new vehicle with a decent engine


With a realistic price tag - they screwed people for years, and ended up paying the penultimate price.



It's what you get with purpose built motors, I hope they go back to the Nissan engine that engine was bullet proof.

Author:  blackpool [ Wed Feb 06, 2013 10:22 pm ]
Post subject:  Re: Production set to restart at taxi maker LTI

There cant cause of emissions,but if they could theyd sell especially in their biggest market london .

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