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| TX makers to contest losses arising out of bonnet fires. http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=16485 |
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| Author: | Sussex [ Wed Mar 30, 2011 6:44 pm ] |
| Post subject: | TX makers to contest losses arising out of bonnet fires. |
Manganese Bronze to contest cab drivers' claims Manganese Bronze, maker of London's traditional black cabs, said it would contest a court litigation by 436 cab drivers, who alleged a loss of income after a recall of taxis three years ago. 'The claim arises from the product recall, announced by the group on 26 September 2008, following twelve under-bonnet fires in early production models of the TX4 taxi,' the company said in a statement. The claim has been issued against company's taxi manufacturing unit LTI Ltd and eleven other parties. Manganese Bronze, which recently agreed its biggest London taxi order worth $27 million with a company in Azerbaijan, said it had taken adequate steps to cover the cost of the litigation. The company, 20 percent-owned by China's largest private automaker Geely Automobile Holdings Ltd, said the taxi drivers were yet to provide details of their alleged income loss. 'Although the claim is at an early stage, it appears that all except one of the claimants is alleging loss of income alone, for when the taxis were off the road,' Manganese Bronze said. The Coventry-based company's shares were down 1.1 percent at 46 pence at 0730 GMT on Wednesday on the London Stock Exchange. |
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| Author: | gusmac [ Wed Mar 30, 2011 6:51 pm ] |
| Post subject: | |
They'd be better off settling all these claims quietly, than drag it out through the courts and further damage their reputation. |
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| Author: | wannabeeahack [ Wed Mar 30, 2011 8:25 pm ] |
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gusmac wrote: They'd be better off settling all these claims quietly, than drag it out through the courts and further damage their reputation.
prediction the sales were all off or from a little known susiduary of Lti who will soon go into liquidation.... |
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| Author: | toots [ Wed Mar 30, 2011 8:46 pm ] |
| Post subject: | |
wannabeeahack wrote: gusmac wrote: They'd be better off settling all these claims quietly, than drag it out through the courts and further damage their reputation. prediction the sales were all off or from a little known subsidiary of Lti who will soon go into liquidation.... Could happen but lets hope they've covered that eventuality with the other eleven names |
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