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
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