Price Waterhouse Coopers 'positive' over LTI future

Taxi at the factory in Coventry Jobs were lost at LTI after the firm's parent company Manganese Bronze called in administrators

Related Stories

The accountants running Coventry-based taxi maker LTI are hopeful of selling the company to a firm that will keep production in the city.

Matthew Hammond of Price Waterhouse Coopers said there had been an "enormous amount of interest" from nearly 80 parties in the UK and abroad.

He said they were in "very positive dialogue" with a number of bidders.

LTI went into administration in October with 99 workers out of 176 losing their jobs.

It is hoped that a decision on the future of the business will be made in January.

'Positive dialogue'

Mr Hammond said: "We've got a great deal of work still to do, but we're in very positive dialogue with a number of bidders over the course of Christmas and new year period.

"We had nearly 80 parties contact us from UK and overseas, we've narrowed that down through the bidding processes and of those parties that we are still in dialogue with there is only one of those parties that didn't see any long term on-going need for the use of the Coventry facility.

"In my view, at the moment, the best outcome is continuity in Coventry."

Peter Coulson, from the union Unite, said: "The campaign which we launched some five or six weeks ago now has generated more interest than the administrators anticipated, and even ourselves, so there's some positives there."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Coventry & Warwickshire

Weather

Coventry

16 °C 10 °C

Features & Analysis

Elsewhere on the BBC

  • FrogsBright...but deadly

    The vivid skin of the Amazon's golden poison arrow frog contains toxins strong enough to kill a human

Programmes

  • Islamic StateClick Watch

    Can the location of Islamic State militants be found with open source data?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.