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 Manganese originally made ship propellers.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 cars need to have at least 25 identical cars produced within a 12-month period and they were meant for normal sale to individual purchasers. However, FIA rules tend to allow a degree of modification from the original. Another example is the Utah Salt Flats Racing Association which is concerned solely with the speed of a vehicle. The Association uses its own definition of a production vehicle. The Association allows quite a high level of modification over the original. In 2006 a Pontiac TransAm of John Rains Racing was classified as being the fastest production model (Bonneville D/PS class) with a