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Manganese Bronze

Manganese Bronze is to create up to 100 jobs at its taxi manufacturing plant in Coventry over the next year, having just been rescued by Geely.

Manganese Bronze has raised £9.4m in a share placing to fund the international expansion of its taxi cab manufacturing business.

Manganese Bronze is forming a partnership with Tanfield to develop an electric version of the TX4 taxi cab by 2009.

Manganese Bronze is to sell its components division to BSA Holdings for £8m, including Deans Powered Doors of Beverley, Advanced Sintering of Ipswich, Metal Powders of Birmingham and Precision Castings of Redditch.