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
Selden Motor Vehicle Company the company was reorganized towards the production of trucks, where it had significantly more success, producing trucks until the company's sale to the Bethlehem Truck Company in 1930. Selden Motor Vehicle Company The Selden Motor Vehicle Company was an early American manufacturer of automobiles. The Company, founded in 1905, was based in Rochester, New York. The Selden Motor Vehicle Company was named for inventor George B. Selden, whose 1877 patent was the first U.S. patent of a "horseless carriage" and thus, controversially, is considered the inventor of the automobile. (Misleading: Selden developed his engine by 1877 & filed for a