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
Vehicle Production Group Vehicle Production Group The Vehicle Production Group LLC was an American automobile manufacturer. Based in Miami, Florida, it made the wheelchair-accessible taxicabs, the MV-1 (Mobility Vehicle-1), which was built in Mishawaka, Indiana at an AM General plant. Production began in 2011, but by February 2013, Vehicle Production Group ceased production of new vehicles. The company laid off all employees and closed its doors in May 2013 after their finances dropped below the minimum condition of a $50 million clean-energy loan awarded by the US Department of Energy in March 2011. AM General reached an agreement with the Department of Energy