Manganese Bronze Holdings LTI Limited as its only operating division. In October 2012, MBH entered administration, having not made a profit since 2007. The Chinese automotive manufacturer Geely, which already owned 20% of the shares in LTI Limited, the company's only business, agreed to purchase LTI's principal assets and trade from the administrator to save the business and continue the production of taxis in Coventry. The new holding company was named The London Taxi Corporation, and traded as "The London Taxi Company" (as LTI had done): this successor company was renamed to London EV Company in 2017. Manganese originally made ship propellers. In
Vehicle Production Group signed with South Bend, Indiana-based AM General to build the Standard Taxi taxicabs, beginning in 2009. Through market feedback, VPG developed a more advanced and user-friendly vehicle known as the MV-1 to replace the Standard Taxi, which never entered series production. Specs The MV-1 was a purpose-built taxicab designed by Vehicle Production Group and built in Mishawaka, Indiana at an AM General plant The name is an acronym for "Mobility Vehicle 1". It was intended to replace the planned Standard Taxi, and like that car it was developed in collaboration with AM General. The first MV-1 rolled off the line