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
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