Will we soon be able to take a black cab in Munich? The producers of the iconic black cabs sure hope so. Since 2013 the London Taxi Company is owned by the Chinese corporation Zhejiang Geely, which also owns Volvo and other brands. They have announced plans to expand to mainland Europe after their new production facility in Coventry begins operating.

Currently, the London Taxi Company is making only 1.500 TX4’s a year, but they have plans of producing up to 36.000 cars once the new factory is finished. Peter Johansen, CEO of the company, revealed that they will be offering vehicles with hybrid motors (TX5), which will be able to use only electric drive within city limits. The new cabs will first be showcased on the streets of London.

"I hope that one day in Stuttgart there are more of our than Mercedes taxis on the streets," the optimistic boss of the London Taxi Company told the "Sueddeutsche Zeitung" on Monday.