China's Geely buys UK black cab maker Manganese Bronze
LONDON Feb 1 (Reuters) - China's Geely Automobile Holdings has bought Manganese Bronze, the maker of London's iconic black taxi, for 11 million pounds ($17.5 million).
The deal, which will safeguard production of the vehicles in Britain, was agreed with PricewaterhouseCoopers, who were appointed administrators of the British business last October.
Geely, which was the company's biggest single creditor, said on Friday it would continue to assemble the TX4 model at Manganese Broze's plant in Coventry, in mid-England.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.