End of the road for Manganese Bronze

PwC is hoping to find a buyer for Manganese Bronze after the maker of London's black cabs went into administration after failing to secure new finance.

The appointment of PwC follows the suspension of the company’s shares earlier in October, after a fault with the vehicle's steering box led to 400 of them being recalled.

Manganese Bronze, which is based in Coventry and employs 277 people, has made losses for the past four years due to “poor UK sales, supply chain issues, and high warranty costs.”

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