Manganese Bronze Holdings was reported that Geely would increase its shareholding in Manganese to 51% through participation in a placing of new shares. In August 2010 it was announced that Geely had decided not to proceed with the share placement and its shareholding in Manganeze would remain at just under 20%. In November 2010, LTI changed their trading name to "The London Taxi Company" to reflect the company's core business. Manganese entered administration on 22 October 2012 after failing to secure additional funding; PricewaterhouseCoopers (PwC) were appointed as the administrator. On 31 October PwC announced that 156 Manganese staff in the UK were
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