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 Manganese originally made ship propellers.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
Production vehicle Production vehicle The characteristics of a production vehicle or production car are mass-produced identical models, offered for sale to the public, and able to be legally driven on public roads (street legal). Legislation and other rules further define the production vehicle within particular countries or uses. There is no single fixed global definition of the term. In 1896 the term "production car" was used to describe a railway carriage that carried the scenery for an opera company. The earliest use of the term "production car" being applied to motor cars, found to date, was in a June 1914 American advertisement