Manganese Bronze Holdings to be made redundant with immediate effect, out of the company's then total of 274 employees in the country, with the losses spread across its manufacturing facility, head office and dealerships. In January 2013, it was reported that Geely was in negotiations to buy the remaining shares of the company from PwC to save the business. A press statement in February 2013 announced that an agreement had been reached for Geely to purchase the remainder of the London Taxi Company's assets, manufacturing rights, unsold stock and dealerships. Geely set up a new company, The London Taxi Corporation Ltd. under its
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