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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.

Land Rover starts voyage of Discovery with Virgin Galactic (2014)

By Phil McNamara First Official Pictures 15 April 2014 09:30 Land Rover took a giant leap in New York last night, unveiling a concept car vision of the new Discovery family and announcing a partnership with Virgin Galactic. The Discovery was revealed on the deck of the USS Intrepid aircraft carrier alongside Virgin's SpaceShipTwo, the rocketship charged with making space tourism a commercial reality. Land Rover's SUVs will be the taxi of choice for budding, wealthy astronauts, attending Virgin's New Mexico base for training and space flights.

GM to cut 14% of global salaried workforce this year

General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain. Salaried employment will drop to 63,000, from 73,000, the company said in a statement.