Manganese Bronze Hldgs PLC Product Recall (6106O)
2012年10月12日 - 8:54PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 6106O
Manganese Bronze Hldgs PLC
12 October 2012
Manganese Bronze Holdings PLC
12 October 2012
Product recall
Manganese Bronze Holdings PLC (the "Group") announced today a
recall of approximately 400 of its TX4 London taxis and suspension
of sales of new TX4 models as a result of the discovery of a defect
in the steering box. The steering box is a new design from a new
supplier that was introduced in production at the Group's Coventry
factory in late February 2012.
Discussions are being held with Geely to put in place a robust
technical solution for the steering box faults.
The suspension of sales will have a very material and
detrimental impact on the Group's cash flows and the board are
working to establish the options available to the business given
the impact on working capital. Until such time that a technical
solution is developed to rectify the fault, the financial position
of the Group remains unclear and trading in the Company's shares
will remain suspended.
For further information, please contact:
Manganese Bronze Holdings PLC
John Russell, Group Chief Executive Tel: +44 (0) 24 7657 2108
Peter Johansen, Group Finance Tel: +44 (0) 24 7657 2214
Director
FTI Consulting
Nick Hasell Tel: +44 (0) 20 7269 7291
Grant Thornton UK LLP
Philip Secrett/Melanie Frean Tel: +44 (0) 20 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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