A leading Chinese automobile manufacturer has bought Coventry-based Manganese Bronze, the makers of London's iconic black taxi.
Zejiang Geely Holding Group (Geely) purchased the group for £11.04m, in agreement with Pricewaterhouse Coopers, who were appointed their administrators.
Geely says it would continue to assemble the TX4 model at Manganese Broze's plant in Coventry
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Ms Leadsom has received the backing of Ian Duncan Smith, the former work and pensions secretary.
"This was mindless vandalism at its very worst, which has wrecked a much-loved community facility."
Three people have been taken to hospital after a taxi collided with pedestrians and a lamppost this afternoon.