Manganese Bronze Holdings was reported that Geely would increase its shareholding in Manganese to 51% through participation in a placing of new shares. In August 2010 it was announced that Geely had decided not to proceed with the share placement and its shareholding in Manganeze would remain at just under 20%. In November 2010, LTI changed their trading name to "The London Taxi Company" to reflect the company's core business. Manganese entered administration on 22 October 2012 after failing to secure additional funding; PricewaterhouseCoopers (PwC) were appointed as the administrator. On 31 October PwC announced that 156 Manganese staff in the UK were
Vehicle Production Group signed with South Bend, Indiana-based AM General to build the Standard Taxi taxicabs, beginning in 2009. Through market feedback, VPG developed a more advanced and user-friendly vehicle known as the MV-1 to replace the Standard Taxi, which never entered series production. Specs The MV-1 was a purpose-built taxicab designed by Vehicle Production Group and built in Mishawaka, Indiana at an AM General plant The name is an acronym for "Mobility Vehicle 1". It was intended to replace the planned Standard Taxi, and like that car it was developed in collaboration with AM General. The first MV-1 rolled off the line