#ManganeseBronze

An editor that I know once said something about disappearing into a rabbit hole when you start to read about an automotive topic. You never know where you’ll come out minutes, hours or even days later. Doug DeMuro’s post where he ranked vehicles used as taxicabs elicited a thread of comments about London’s signature black taxis. While some of our more curmudgeonly readers think it’s rather arrogant of TTAC to call our site’s commenters the Best & Brightest (anyone besides me see the irony there?), we do have a well informed readership so I wasn’t surprised to see Geely mentioned as the owner of Manganese Bronze Holdings, who make the distinctive London hacks. The mention of the London cabs, though, pricked my memory. I had recently read that someone else, another company, made London taxis besides Manganese. Then I just had to remember who it was.

A bit more than a week ago, we reported that Geely might want to raise its stake in the London black cab builder Manganese Bronze from currently 20 percent to more than 51 percent. Ok, story, sit over there under the sign that says “Chinese stories, not happening.”

With all the hubbub over Volvo, it’s easy to forget that Geely already owns a foreign carmaker: Managnese Bronze, the company that makes London’s iconic black-cabs. Well, Geely doesn’t “own” Maganese, they hold a 19.97 percent share. That is about to change.

China’s Geely and Ford say they are on track to sign a deal on Volvo, says Reuters after checking back with the players. Spokesmen for Ford and Geely said their companies still plan to sign on the dotted line by the end of the month. Then, the deal would close sometime in summer.

Doubts were raised by China Daily, China’s government-owned and English speaking newspaper. They speculated that “financing and technology issues could delay Zhejiang Geely Holding Group, the parent of Geely Automobile, in its plan to acquire the Volvo brand from US automaker Ford Motor Co,” after talking to “sources familiar with the matter.” The same sources said that “the chances of a short-term deal now looks bleak, unless the two sides make major concessions.” At first glance, this smells like some last minute arm-wrestling, not too foreign to anybody living in China. However, China Daily sees two problems, far beyond the usual haggling: