Manganese Bronze in funding talks with Geely John Russell, chief executive, said Chinese car company Geely has a "big part to play" in supporting the business after Manganese was plunged into crisis by the discovery of a major steering fault on its latest version of the London taxi. On Friday Manganese announced it was recalling 400 of its latest TX4 London taxis and suspending sales after finding a fault in the steering box. Trading in Manganese shares was suspended as Mr Russell warned the financial position of the group is "unclear." As well as attempting to secure the future of the company, Mr Russell spent the weekend working with London taxi drivers who have been left without a vehicle by the recall. Manganese has been attempting to offer used-cars to taxi drivers, but many of the vehicles do not meet London's tightened environmental regulations for taxis.