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 Manganese originally made ship propellers.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
Bauknecht (company) of 2012, the automotive supplier ZF Friedrichshafen took over the plant in Neunkirchen with 240 out of the 280 local employees, in order to expand its production capacity in transmission components. After retraining, the employees who previously mounted dishwashers, manufactured vehicle transmissions. At the end of 2012 the production site in Schorndorf also closed. Bauknecht (company) Bauknecht, formally Bauknecht Hausgeräte GmbH, was one of Germany's leading manufacturers of household appliances, and since 1989 has been a brand of Whirlpool Corporation. The headquarters of the company was formerly in Schorndorf in Baden-Württemberg until 2006 when it relocated to Stuttgart. Whirlpool has