Black cab maker stays in the red

Click to follow

The London black cab maker Manganese Bronze said it would remain in the red for the rest of this year amid "challenging" trading conditions.

UK sales volumes fell 13 per cent in the first half of the year, but the company narrowed its operating losses from £1.4m to £1m as it began importing parts from China, closed its North American business and restructured its UK dealership network.