A solution has been found to the steering fault in Coventry-based taxi firm Manganese Bronze taxis that affected up to 400 vehicles manufactured by The London Taxi Company, say administrators.
Manganese Bronze, LTI’s parent company and manufacturer of the London Black Taxis, have suffered in recent times, calling in administrators in October and this recent fault also led to the suspension of sales of the vehicles.
Work is expected to begin immediately to fix the problem and expected to be completed in around a month with a “rapid replacement” of affected parts in all the vehicles that incurred a recall. New unregistered taxis are also due to be fitted with the new components and put on the market early next year which should have a knock-on effect to taxi insurance premiums which would’ve remained high if these problems persisted.
Matthew Hammond of administrators PricewaterhouseCoopers (PWC) said, “The company’s employees will be part of a massive effort to begin fitting the new UK-supplied steering box to the recalled fleet within the next 48 hours.”
As reported in a previous article, significant jobs were lost at both the group’s head office and manufacturing site in Coventry when the firm went into administration last month, with close to 100 employees being made redundant.
Despite troubled times for the firm, Manganese Bronze has strong backing from the London Mayor Boris Johnson, Transport for London and the Licensed Taxi Drivers’ Association with the very fate of the iconic black cab in doubt.