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 Manganese originally made ship propellers.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 Vehicle Production Group The Vehicle Production Group LLC was an American automobile manufacturer. Based in Miami, Florida, it made the wheelchair-accessible taxicabs, the MV-1 (Mobility Vehicle-1), which was built in Mishawaka, Indiana at an AM General plant. Production began in 2011, but by February 2013, Vehicle Production Group ceased production of new vehicles. The company laid off all employees and closed its doors in May 2013 after their finances dropped below the minimum condition of a $50 million clean-energy loan awarded by the US Department of Energy in March 2011. AM General reached an agreement with the Department of Energy