Taxi Driver Online

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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IDFIMH

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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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

prediction

the sales were all off or from a little known susiduary of Lti who will soon go into liquidation....

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Of all the things ive lost, i miss my mind the most

Could happen but lets hope they've covered that eventuality with the other eleven names

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!