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
Midas Bronze Midas Bronze The Midas Bronze is a Mini-based kit car designed by Richard Oakes and manufactured by D&H Fibreglass Techniques, set up by Harold Dermott and Maurice Holt in 1975. Their initial production facility was in Oldham, England, but when they outgrew that they moved to larger premises in Corby. The Midas was the first original vehicle from D&H, which had been started to build the Mini Marcos. Richard Oakes, an established kit car designer, was commissioned to develop the new car, the design of which was complete by early 1978. A prototype version of the Midas was shown that