- 4 updates
Once it is fully up and running, the production line in Coverntry will complete up to 10 new taxis a day, five days a week.
The first month's predicted production had already sold out with the company expecting to sell almost 2,000 vehicles in the first year. Around half of these will be for the overseas market after LTC won export contracts in Saudi Arabia and the United Arab Emirates.
- Geely plans to invest £150 million in LTC over the next five years
- The company says it has significantly improved LTC's manufacturing facilities in Coventry
- The upgrade will allow the firm to start making new TX4 models on its production line
The London Taxi Company has restarted production of the famous black cab, six months after the business was saved by Chinese car maker Geely.
Former owner Manganese Bronze, whose black taxis have been on British streets since 1948, went into administration last October, with about a third of its 300-strong workforce losing their jobs.