DaC Sales Exec Natalie Ezekiel keeps Call Sign readers informed with updates… NATALIE’S HOT GOSSIP FROM THE SALES DEPT… ![]() Ladies and Gentleman New
Business Natalie Ezekiel |
It’s almost the Chinese TX4... |
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The news that no one
wanted to hear was released a few weeks ago – the manufacture of
bodies and chassis for what is always described as the iconic London
taxi – the TX4 to us - is to move to the Geely/LTI factory in
Shanghai. Coventry will now just assemble the vehicle. The result of
the move means sixty jobs will go at the factory, with the total
number of staff now below 300. Just a few short years ago before the
recession, there were around 500 people working there. In Manganese’ audited annual results for the year ended 31 December 2009, the group said that the decision to move was taken after the only viable UK supplier of the primer coating – which is the first undercoat sprayed onto the vehicle and something many Dial-a-Cab drivers have seen being done on Call Sign’s regular trips to the factory - said it would stop production from August. However, CEO John Russell did add that underlying economic pressures had also forced their hand. He said that 2009 had been a difficult year for their UK taxi manufacturing operation, with significant discount and sales incentives to stimulate the TX4 market, combined with price pressure and restricted terms from fragile UK suppliers, helping to push their operating loss up from £5.4 million to £7 million. The company are now said to be considering a deal giving Chinese partner, Geely, a majority stake in the company. Geely currently has 23% of Manganese and owns 51% of their joint venture Shanghai LTI. But the news wasn’t all bad, because the report also mentioned a reduction in cost on the Shanghai version. Hopefully some of that will be passed on to drivers? But however you look at it, the decision represents a sad day, not just for taxi drivers because no doubt there will be little – if any difference to the TX4 – but because it is yet another part of the UK that is vanishing. Anyone for a bar of Cadburys...? |
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