Manganese Bronze Holdings was reported that Geely would increase its shareholding in Manganese to 51% through participation in a placing of new shares. In August 2010 it was announced that Geely had decided not to proceed with the share placement and its shareholding in Manganeze would remain at just under 20%. In November 2010, LTI changed their trading name to "The London Taxi Company" to reflect the company's core business. Manganese entered administration on 22 October 2012 after failing to secure additional funding; PricewaterhouseCoopers (PwC) were appointed as the administrator. On 31 October PwC announced that 156 Manganese staff in the UK were
Detroit Auto Vehicle Company Detroit Auto Vehicle Company Detroit Auto Vehicle Company was a short-lived early automobile manufacturer established in the summer of 1904 with a capital stock of US$150,000. Based in Detroit in the old Detroit Novelty Machine Company building, it also had a foundry in Romeo, Michigan. It ceased operation in October 1907 following bankruptcy. The company was fighting during the short time of its existence against litigation by stockholders of the predecessor company Detroit Novelty Machine Company, who were decidedly against the production of an automobile. Finally, the company went into bankruptcy in 1907. In 1908 bond holders in the bankrupt