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
Briton Motor Company A. Weight who took over what remained of the company. Weight moved the machine shop and components that had been left behind to a new site at Chillington Fields also taking on a number of Briton's old workforce. Car production continued on this site until 1929 when production costs became too great, with around 600 cars having been made in total. The Briton Motor Company continued, becoming Tractor Spares Limited in 1940, a company which still exists today. Briton Motor Company The Briton Motor Company was a Wolverhampton based car manufacturer that produced cars from 1909 to 1919 then from