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Old February 1st 13, 07:43 PM posted to uk.transport.london
Recliner[_2_] Recliner[_2_] is offline
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Default As expected, Geely buys London Taxi manufacturer

" wrote:
On 01/02/2013 13:09, Recliner wrote:
To no-one's surprise, Geely has bought the remains of LTI from the
administrator. More surprisingly, they say they intend to resume
production in Coventry for the UK market; left-hand drive markets will
continue to be supplied from Shanghai. As before, I assume most of the
components assembled in the Coventry factory will continue to come
from China.

What will be more interesting is if Geely invests in creating a more
modern, fuel-efficient and non-polluting successor to the old low-tech
London cab, which now has Mercedes Vito competition, with Nissan's
cheaper contender just round the corner.

http://www.bbc.co.uk/news/uk-england...shire-21290935


I wonder if Ratan was interested?


Ratan Tata has retired, but if Tata was interested in the London taxi
market, it'd launch a new model, perhaps based on the new Range Rover. Why
would it want to acquire the superannuated assets of LTI? Geely really was
the only likely buyer, given the previous relationship between the
companies.