Black cabs face end of road [VIDEO]. London's taxi drivers are never lost for words. But they may be searching for work after the maker of the city's distinctive black cabs said it was calling in insolvency administrators.
Manganese Bronze, whose taxis have been on British streets since 1948, had been in talks with its largest shareholders, including China's Geely Automobile Holdings Ltd, to secure a last-minute bailout.
"The issue here was not a lack of opportunity around the quantum of support being offered," Chief Executive John Russell told Reuters on Monday. Go here to read more and for videos.
