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London cabs in Shanghai?

Last week MBH, the manufacturer of the famous London taxis, signed an agreement with Chinese car manufacturer Geely to produce their cabs in Shanghai. Geely will hold 51% of the shares in the new joint venture. According to the press release, the cars will mainly be exported to England, but will also be sold in China.

Does this mean that now the Mercedes-Benz taxi’s in Shanghai are faded out, they will be replaced by London cabs? They would look good in Thamestown, that’s for sure.

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