Cab maker ranks as a loss maker
The firm - which has shifted production of the body panels and chassis for the iconic vehicle to China - said UK sales volumes fell 13 per cent in the first half of the year.
Despite a strong first quarter, sales of London taxis reversed 29 per cent year-on-year between April and June as airports shut due to Iceland's volcanic ash cloud.
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Hide AdUncertainty over the general election, the end of the UK government's scrappage scheme and a new showroom tax which put up prices by 350 also dented sales.
Manganese's Coventry-based London Taxis International arm has manufactured the cabs since 1948, but has now moved to an assembly role. The cost crackdown also includes savings made from importing Chinese parts.