Manganese Bronze suspends shares as it announces a block on vehicle sales
12th October 2012
STRUGGLING black cab manufacturer Manganese Bronze has dealt another blow to shareholders by announcing the recall of approximately 400 of its TX4 London taxis and a shelving of further sales of the vehicle.The product recall follows the discovery of a defect in the steering box fitted to the vehicles. The firm said the steering box was a new design incorporated into production at the group’s Coventry factory in February this year.Investors had been braced for an announcement after the company opted to suspend trading in its......for the full story register now for free or login below...
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