Black taxi maker LTI sold to Chinese firm Geely

1 February 2013 Last updated at 09:27 ET Help

The Coventry based black taxi manufacturer LTI has been sold to the Chinese car maker Geely for £11.4m.

LTI went into administration in October with 99 out of its 176 staff losing their jobs.

The deal includes the "business and the principal assets" of Manganese Bronze Holdings (MBH), the manufacturer of the London cabs.

David Bailey, from Coventry University Business School, welcomed the news, but said significant investment was needed to give the brand a long-term future.

Read More

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.