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
Production vehicle Track" wrote that Guinness required 30 identical vehicles. There have been numerous disputes over what constituted production and modified cars when used in motorsports. Even under Fédération Internationale de l'Automobile (FIA), the exact definition of what was (or was not) a production car was unclear and controversial, which led to rules written in 1955. Although the term is defined for particular types of vehicles, and that a certain number of a model must be produced in order to qualify as "production", it is another matter to enforce the rules. For example, the 1968 FIA rules state that "production" for sports