Manganese Bronze Holdings to be made redundant with immediate effect, out of the company's then total of 274 employees in the country, with the losses spread across its manufacturing facility, head office and dealerships. In January 2013, it was reported that Geely was in negotiations to buy the remaining shares of the company from PwC to save the business. A press statement in February 2013 announced that an agreement had been reached for Geely to purchase the remainder of the London Taxi Company's assets, manufacturing rights, unsold stock and dealerships. Geely set up a new company, The London Taxi Corporation Ltd. under its
Electric Vehicle Company bankruptcy in 1907. The patent was valid until 1913, but lost its worth as the appellation court reduced it to vehicles with Brayton engines, of which none was used in a motor vehicle. Electric Vehicle Company Electric Vehicle Company was an American automobile holding company and early pioneering manufacturer of automobiles. The Electric Vehicle Company was founded 27 September 1897 as a holding company of battery-powered electric vehicle manufacturers made up of several companies assembled by Isaac Rice. Rice had acquired in May, 1897 another electric cab manufacturer, the Electric Carriage & Wagon Company (E.C.W.C.) in New York. Their vehicles