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Looks like the black London taxi cab won't be disappearing from roads thanks to the saviors at Geely. You may remember Geely from such takeovers as Volvo, where they're redefining the famed Swedish brand as a company that makes big luxury sedans for China, sexy hatchbacks and wagons for Europe and big crossovers for…

Over in Shanghai, Volvo's Chinese parent Geely trundled out the McCar concept, which it says can transform for a variety of driving needs and could go into production. The Mc stands for "magic." Let's not get ahead of ourselves.

Geely basically owns British Taxi-maker Manganese Bronze, but those sexy TX4 cabs are too expensive for the Chinese market, so they've created this concept for a TX4-esque Chinese cab build on an existing platform. They should call it the Compass.

Stefan Jacoby, the former Volkswagen exec now running Chinese-owned Volvo, vowed to LA Auto Show reporters that Volvo will remain true to its image — even while using Chinese suppliers and, possibly, building cars in China.

In 1999, Ford paid $6.5 billion for Volvo. Today, Ford sold Volvo to Zhejiang Geely Holding Group for $1.8 billion — a loss of over 72%. Maybe it's because they stopped making cars like this. [AutoNews; Photo: 20thcenturyman via fuckyeahcarburetors]

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The Chinese are aiming to update the classic London Taxi, having already snagged a greater share of the company and moved production to Shanghai. Here's a concept for the future of the London Taxi — in China. [ChinaCarTimes]