Thursday 23 May 2013
China's Geely Automobile Holdings has bought Manganese Bronze, the maker of London's iconic black taxi, for £11 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.
IMF chief Christine Lagarde will be questioned by a French magistrate today over her role in a €285m arbitration payment made to a supporter of former president Nicolas Sarkozy. Ms Lagarde risks being placed under formal investigation at the hearing for her 2007 decision as Sarkozy's finance minister to use arbitration to settle a long-running court battle between the state and high-profile businessman Bernard Tapie.
EasyJet is making a bid for the corporate market. The budget carrier, which is already popular with tourists, is expanding its product range with new tickets that allow passengers to change their flights up until two hours before their scheduled departure.
Millions of Italians cannot afford to heat their homes or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in two years.
IMF chief Christine Lagarde will be questioned by a French magistrate today over her role in a €285m arbitration payment made to a supporter of former president Nicolas Sarkozy. Ms Lagarde risks being placed under formal investigation at the hearing for her 2007 decision as Sarkozy's finance minister to use arbitration to settle a long-running court battle between the state and high-profile businessman Bernard Tapie.
EasyJet is making a bid for the corporate market. The budget carrier, which is already popular with tourists, is expanding its product range with new tickets that allow passengers to change their flights up until two hours before their scheduled departure.
Millions of Italians cannot afford to heat their homes or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in two years.
Twilight's legacy shows no sign of stopping, after the film and its stars lead the Teen Choice Awards with nine nominations.
The Saturday's star Frankie Sandford confessed she was put off watching the Hangover films in case they give footballer fiance Wayne Bridge any ideas about his upcoming stag do.
Brad Pitt and Angelina Jolie have vowed not to appear in sex scenes with other people in their films, according to reports.
Justin Bieber reportedly asks guests who visit his home to sign a secrecy agreement - which could land them a five million dollar fine if they break it.
A WELCOME new exhibit in the case for men occasionally being good people: Zach Galifianakis.
Damian Lewis and Benedict Cumberbatch are among the British stars flying the flag at the 2013 American Critics' Choice Television Awards.
Ryan Gosling's film Only God Forgives has been booed at Cannes because of extreme violence.
Sheridan Smith has insisted Russell Brand is just a "mate" after they were spotted having dinner together.
Madonna has confirmed that her feud with Elton John is over, after he took her out for dinner.
Bad Teacher, which starred Cameron Diaz and Justin Timberlake, is being turned into a TV series.
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