Coventry is the trusted local business major manufacturer of the legendary black cabs based in Holyhead road, United Kingdom since 1919. After the collapse of the Manganese Bronze Holdings administration, the London Transport Company (LTC) had been bought by a Chinese company Geely. The main reason for the collapse had been the fault in the TX4 model and its recall. After Geely bought the company, the defects had been rectified and production restarted in the Holyhead unit. There had been plans for a hybrid TX5 which require a new factory and plans were in the pipeline for over a year to build a new factory exclusively for TX5 production.
The site at Ansty Park was found to be the best location which will be the second addition in Holyhead road. Among the lot considered for the site, Ansty Park was a leading contender for the £150 million factory, right on the outskirts of Coventry. Ansty will be doing research and development and also manufacturing the hybrid TX5 model taxis, an upgraded green version of the classic London taxis which is planned to be launched in 2018. The business leaders in Coventry and Warwickshire had heartily welcomed the new base of LTC at Ansty Park since it enhances the reputation as a location of inward investment.
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