Manganese Bronze recalls 400 taxis, says financial position unclear

Fri Oct 12, 2012 8:12am EDT

Oct 12 (Reuters) - Manganese Bronze Holdings Plc, the maker of London's iconic cabs, recalled about 400 of its TX4 London taxis and suspended sales of new models after discovering a defect in the steering box introduced in February.

The company said the suspension of sales will have a very material impact on the company's cash flows and that its financial position remained unclear until a technical solution was arrived at.

Trading in its shares has been suspended.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.