Geely, Manganese Bronze seal China car JV pact

HONG KONG, Nov 9 (Reuters) - Geely Automobile Holdings Ltd. sealed an agreement with Manganese Bronze Holdings Plc. on Thursday to set up a US$54.3 million venture to produce London taxis in China from mid-2008, under which the Chinese firm would become the British company's top shareholder.

Geely would take two board seats and 23 percent of Manganese Bronze, becoming its largest shareholder, executives said.

Under the agreement, the partners aimed to produce about ...