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Toyota to pay $32.4 million U.S. fine over timing of recalls

Toyota Motor Corp. agreed on Monday to pay two more safety fines for a total of $32.4 million, the maximum allowable under U.S. law, to settle federal investigations of whether the company notified regulators of safety defects in timely fashion.

Second new London taxi of 2014 unveiled

LONDONERS had better prepare themselves for another new generation of taxi, just days after Nissan confirmed its own assault on the Black Cab market. The plug-in hybrid Fraser-Nash Range Extended Electric Metrocab is capable of more than 75mpg and less than 50g/km of CO2, and is expected to cost no more than a current Hackney carriage. The company says the vehicle could save cabbies £30 to £40 per day in running costs and can go longer between fill-ups.

Bahrain Grand Prix: Vettel takes pole

Bahrain Grand Prix 2012 - Vettel on pole Sebastian Vettel puts his Red Bull on pole position for tomorrow’s F1 Grand Prix in Bahrain – the first Red Bull poll of 2012. After two years of Red Bull dominance in F1 – in particular by world champion Sebastian Vettel – the 2012 F1 season has been a bit of a shambles so far for the Red Bulls – certainly by their usual standards. But it looks like we may be back to business as normal in Bahrain with a pole position for Red Bull by Sebastian Vettel with team mate Mark Webber right behind him on the grid in third place.