“Regretfully, without financial support to overcome the Group's operational issues we have had to make staff redundancies. While the steering box recall remains, there is a voluntary suspension on vehicle sales, and we are now concentrating all resources on testing the solution to the steering fault. We have retained sufficient numbers of staff across the dealership, head office and production network to address the operational, technical and financial circumstances that the business faces."
– Matthew Hammond, joint administrator and PwC partner
As black cab Coventry manufacturer Manganese Bronze heads into administration Central News asked a Birmingham taxi driver if he thinks black cabs could be saved.
"I hope it does but they need to go back to the drawing board and find an engine which is economical. You're getting return of 20 to the gallon. The way the fuel prices are, 20 to the gallon is nothing and with a Mercedes you're getting over 35 to the gallon " - Abdul Qazoom
John Russell, Chief Executive, Manganese Bronze, says it is an uncertain time for the staff at the company, following the announcement that the Coventry-based manufacturer has fallen into administration.