Friday, September 05, 2008

London Taxis famed black cabs made in China: Kevin Andrews http://www.iht.com/articles/ap/2008/09/04/news/China-London-Taxis.php

In Fengjing China, the black cab's novelty and notoriety from appearances in films, gives it at new look. Back in London, they often come in other colors, but are only seen as commercial vehicles. The latest models off the assembly line are not likely to be driven on the English roads. In the Suburbs of Shanghai, young Chinese workers are preparing for a full-scale production of Britain's most iconic vehicles. The venture between Britain's Manganese Bronze Holdings PLC, owner of London Taxi International, and Geely Group Holdings merged together at the right time and size according to LTI owner, Paul Stowe. London International will continue to build its 9 out of 10 cabs used in Britain, but couldn't grow production at the small-scale, high cost plant. So they decided to turn to China as a way of overseas expansion. Arrangements to sell six thousand London Taxis from the Chinese factory, which is more than double the annual output of the Conventry plant. The black cab will not replace other vehicles used as taxis in China due the higher costs for production and price. LTI will sell the vehicles mainly to hotels., limousine services, airports, and people who may want to collect one for personal use. The cab is equipped with a 2.4 liter Mitsubishi engine, extreme ability to make tight turns and the storage space next to the driver's seat which originally held hay bales in the days of horse and carriage.I think this was a brilliant idea of LTI to venture out and expand with China. China is known for its high-scale production of automobiles amongst various other manufactured products. I feel this merger will only increase both companies annual revenue and labor as well for workers.

1 comment:

Cara Beck said...

I think that this sounds like a great idea as long as the British company is not economically harmed by the merger.