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 Manganese originally made ship propellers.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
Detroit Auto Vehicle Company Detroit Auto Vehicle Company Detroit Auto Vehicle Company was a short-lived early automobile manufacturer established in the summer of 1904 with a capital stock of US$150,000. Based in Detroit in the old Detroit Novelty Machine Company building, it also had a foundry in Romeo, Michigan. It ceased operation in October 1907 following bankruptcy. The company was fighting during the short time of its existence against litigation by stockholders of the predecessor company Detroit Novelty Machine Company, who were decidedly against the production of an automobile. Finally, the company went into bankruptcy in 1907. In 1908 bond holders in the bankrupt