Chinese Automaker Geely Buys Maker of London Cabs
The Chinese automaker that bought Sweden's Volvo Cars in 2010 has acquired the British manufacturer of the distinctive London cab.
Geely Holding Group said Friday it bought Manganese Bronze Holdings out of bankruptcy court administration. Geely said it paid just over 11 million pounds ($17.5 million).
Geely is one of a series of ambitious Chinese domestic automakers that have acquired foreign technology and brands to speed their development.
Geely said it would resume manufacturing and service, including assembling the TX4 taxi at Manganese's factory in Coventry, England.
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