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London cabs voted 'world's best'

LONDON has been voted the world's favourite city for taxis, as long as cabbies do not take "the scenic route". The capital topped a global list in five out of seven categories in a Hotels.com survey involving more than 2,600 respondents from 30 countries. The overall result meant London taxis were considered the world's best ahead of second-placed New York, with Tokyo third and Berlin fourth.

Honda New Small Concept for India (2010) news

Honda today whisked the covers off this New Small Concept car – a supermini designed to cash in on the booming Indian car market. Unveiled at the 2010 New Delhi motor show, the New Small Concept is the fruits of its joint venture with Honda Siel Cars India (HCSI). And this isn’t some pie-in-the-sky concept, says Honda.

Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.