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 Manganese originally made ship propellers.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
Amphibious vehicle introduced in October 2012. It went on sale in January 2013. Iguana Yachts, a French company created in 2008, has developed amphibious motorboats featuring all-terrain tracks. Sealegs Amphibious Craft, a three-wheeled amphibious boat designed in New Zealand, has been in production since 2005. In 2010, a Southern California-based company named WaterCar, set the Guinness World Record for Fastest Amphibious Vehicle, with their prototype, The Python, which reached top land speeds of 204 km/h (127 mph) and water speeds of 96 km/h (60 mph; 52 knots). Since then, the company launched their first commercial vehicle, The Panther, which has been featured