Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

London Black Cab Maker Restarts Production After Rescue

Sept. 12 (Bloomberg) -- The maker of London’s iconic black cabs restarted production today, seven months after Zhejiang Geely Holding Group Co. rescued it from administration.

“The company has once again commenced the building of new TX4 models in its production line,” Geely said in a statement.

Geely, which plans to invest 150 million pounds ($237 million) in the London Taxi Company in the next five years, said today it resumed production following “significant improvements” to the manufacturing plant in Coventry, England.

Geely in February bought Manganese Bronze Holdings Plc for 11.04 million pounds on a debt-free basis. The purchase will help the closely held automaker headed by Li Shufu speed up its expansion following the purchase of Volvo Cars in Sweden.

Geely plans to develop new models to follow the current TX4. The unit has now a total workforce of 170 people and its production line will make about 50 taxis per week, it said.

To contact the reporter on this story: Mathieu Rosemain in Paris at

To contact the editor responsible for this story: Chad Thomas at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.