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 Manganese originally made ship propellers.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
Vehicle Production Group in October 2011 and was delivered to disabled former American football player Marc Buoniconti, who was a company spokesperson. Developed from the Standard Taxi, it was a more advanced and user-friendly vehicle than its predecessor. The MV-1 was the first production-made purpose-built vehicle in North America constructed from the ground up for people with disabilities. It seats up to six adults, with two full-size wheelchairs. Chairs are allowed entry via an ADA-approved ramp, able to carry and which stows under the vehicle's floor. The rear doors are 36 inches wide and 56 inches tall, to accommodate bulky wheelchairs. On 21