London's black cabs go plug-in hybrid; maker Geely issues bonds to fund work

The project to build plug-in hybrid versions of the iconic London black cab is about to receive a significant new dose of funding. The company that makes the cabs, London Taxi Company (LTC), is now owned by the Chinese carmaker Geely. That company—which also owns Volvo—has already provided cash and design input. DON'T MISS: London's... London's black cabs go plug-in hybrid; maker Geely issues bonds to fund work