Tuesday, October 30, 2012

Reuters: Bankruptcy News: Taxi maker Manganese Bronze appoints PwC as administrators

Reuters: Bankruptcy News
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Taxi maker Manganese Bronze appoints PwC as administrators
Oct 30th 2012, 14:01

Tue Oct 30, 2012 10:01am EDT

Oct 30 (Reuters) - Manganese Bronze Holdings Plc, maker of London's black taxi, said it appointed accounting firm PricewaterhouseCoopers as administrator as it looks to secure funding after a safety issue led to a product recall and a halt in sales.

"The administrators are reviewing the group's current financial position to develop a range of options to rescue the business or alternatively dispose of its assets to an investor that can secure the future of the London taxi," the company said.

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