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 Manganese originally made ship propellers.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
Rapid Motor Vehicle Company Rapid Motor Vehicle Company The Rapid Motor Vehicle Company was founded in 1902 in Pontiac, Michigan, by brothers Max Grabowsky and Morris Grabowsky. They went on to build one-ton trucks and were the beginning of GMC Truck division after they were acquired by General Motors in 1909. In 1905, Albert North and Harry Hamilton from the Pontiac Spring & Wagon Works (PS&WW) built the first Pontiac automobile and also acquired control of the Rapid Motor Vehicle Company from the Grabowsky brothers. Both became key forces in the operations of the company. Under their direction, the establishment produced many different styles