Report: Chinese auto maker Geely buys maker of London’s cabbies

Chinese auto maker Geely has just recently confirmed its purchase of the London Taxi Company, which is solely responsible for all of the modern and bespoke black British city taxies often associated with its rich culture.

LTI, who makes the London Taxis, was sold for £11.4 million.

“We have ambitious plans for the business and, despite there being a number of challenges to overcome, we are committed to working with all stakeholders to build a solid future for the black cab business that will enable it to return to profitability and grow substantially,” said Zhejiang Geely Holding Group’s chairman, Li Shufu at the press conference.

The acquisition includes LTI’s plant, equipment, propertly, intellectual property rights, and trademarks.

– By: Chris Chin

Source: BBC


85 Honda Interceptor Fairing w Gauges & Headlight NICE VF 700 VF700F OEM T3 picture
85 Honda Interceptor Fairing w Gauges & Headlight NICE VF 700 VF700F OEM T3
Ancor Marine Grade 10 Gauge AWG Tinned Copper Boat Cable 25' Wire picture
Ancor Marine Grade 10 Gauge AWG Tinned Copper Boat Cable 25' Wire
02-05 CHEVY TRAILBLAZER INSTRUMENT CLUSTER SPEEDOMETER GAUGE 15069274 REMAN 193k picture
02-05 CHEVY TRAILBLAZER INSTRUMENT CLUSTER SPEEDOMETER GAUGE 15069274 REMAN 193k
Harley Davidson Gauge Set with Bezel and Bracket picture
Harley Davidson Gauge Set with Bezel and Bracket
AUDI OEM 13-16 A4 Quattro Dash Cluster Switch-Cluster Cover 8K0858345A6PS picture
AUDI OEM 13-16 A4 Quattro Dash Cluster Switch-Cluster Cover 8K0858345A6PS