Bahrain buys 200 black cabs from Manganese Bronze
Tuesday 28 October 2008
The makers of London's iconic black taxis, Manganese Bronze yesterday penned a deal to secure its biggest overseas order to date after the Bahrain Economic Development Board (BEDB) agreed to buy 200 cabs.
The deal is thought to be worth about £6m and will come as relief to Manganese Bronze, which has been trying to offset falling demand in the UK, by agreeing overseas deals, including a joint venture in China. The model being sold to the BEDB is the group's latest TX4, which has suffered overheating problems in the UK. London Taxis International, the division of Manganese Bronze that supplies the London market, has been forced to recall thousands of TX4s to cure the problem, at a cost of £4m.
News of the deal in the Middle East initially pushed Manganese Bronze's shares up 5 per cent, before they fell back to close down 1p at 127.5p. The group has lost 82.25 per cent of its value in the last 12 months.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 Friends 20th anniversary: The highs and lows of the cast's careers since 2004
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence: Despite defeat history may still point to Alex Salmond as the victor
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...