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Monday 29 October 2012 Updated: 30/10 14:46
BLACK cab maker LTI has a bright future, a leading city councillor believes.
City development chief Coun Lynette was among a delegation of politicians and trade unions to meet with chief executive John Russell on Friday.
LTI went into administration last week after efforts to secure more funding from investors.
And during that meeting they pledged to do all they could to secure the company which employs 300 people at its factory on Holyhead Road.
Further talks are planned with the administrators later this week.
Coun Kelly told us: "It's clear that although the company has financial problems the basic company is sound, and their product, the classic London taxi, is still in demand worldwide.
"It's good to see local and national politicians and trade unionists working positively with the company to support jobs in the city.
"It was important for us to talk directly to LTI as soon as possible to understand the latest position and to see if there was anything we could usefully do at this stage.
"I definitely feel more positive now about the future of the factory and the future for the workforce."
Also in Friday's meeting was city council leader John Mutton, city development chief Lynnette Kelly, MPs Bob Ainsworth and Geoffrey Robinson, and Peter Coulson and Roger Maddison from Unite as well as senior shop stewards at the factory.
Coun Mutton added: "We will do everything we can to support LTI and the workforce at this difficult time, but it seems clear there is a future for the firm and we hope that taxi production in Coventry will resume as soon as possible.
"I will meet with the administrators as soon as I can to get that message across to protect the future for staff here and to make sure this iconic Coventry brand has a future."
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