London cab manufacturer to launch Chinese cars in UK
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The Chinese car maker Geely has signed an agreement with the UK London taxi manufacturer Manganese Bronze Holdings (MBH) relating to the potential British distribution of Geely's vehicles and spare parts, and the provision of after-sales service.
Under the terms of the agreement, MBH – which together with Geeley owns Shanghai LTI which manufactures black cabs in China – has been granted exclusivity to develop and agree a business plan with Geely "covering all aspects of the potential launch of Geely products in the United Kingdom and their ongoing after-sales support".
A statement said MBH and Geely will establish a project team in due course to determine the scope of any future distribution arrangements.
It went on: "Whilst it is the clear intention of both parties to agree the business plan, should this not be possible, the agreement will lapse on 1 August 2012.
Commenting on the signing of the agreement, MBH CEO John Russell said: "The signing of this agreement is a further example of the growing relationship between MBH and Geely. We look forward to successfully establishing and agreeing the business plan for the launch of Geely vehicles into the UK and to the implementation of that plan."
