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
Chavdar (company) closed in 1999. In 1924 Racho Valkov Djambov (1894-1983) opened an iron workshop in Botevgrad, Bulgaria. In 1927, Racho met with Ivan Valkov who had a transport business using rebuilt ambulances. He gave Racho one platform from Fiat to built his first vehicle on. After World War II, Bulgaria was ruled by a communist government and Djambov's workshop was nationalized. The new company was named Chavdar and by 1948 it had started producing buses based on Škoda RTO. Until 1956 the production of the company increased by 150%. In 1962, the company started production of the models M65 and M66