London Taxi taken over by the Chinese

Chinese car manufacturer Geely has bought LTI, makers of the legendary black London cabs, for £11.4 million. This includes  plant, equipment and property, intellectual property rights, trade marks and the "goodwill of the business" as well as Manganese Bronze Holdings (MBH) 48% stake in the joint venture manufacturing company in Shanghai set up by Geely and MBH in 2009 and MBH's stock of unsold vehicles.  MBH is the manufacturer of the cabs.

LTI which is based in Coventry went into administration in October. According to news reports, production of the TX4 cabs will still continue in their Coventry plant. They also have revealed plans to come out with new green cabs in the near future.

Taxi Driver Shows us How to Impress Your Passengers with a U-Turn

Luc Besson, we just might have a new candidate for your Taxi franchise, if you ever consider making a fifth movie, that is.

While we're not entirely convinced that the yellow sign on the roof of the white sedan does indeed indicate that it's a taxi (we also see a grey-colored BMW 3-Series E30 Touring with the same sign crossing by), the intrepid driver should consider himself lucky for not ending up in the face of the Toyota Highlander.

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