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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.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

Porsche sued over actor death crash

THE WIDOW of the man who was driving a Porsche sports car that crashed and killed Fast & Furious actor Paul Walker is suing the car maker. She is claiming that design flaws caused both men to die in the crash in November. The wrongful death lawsuit by Kristine Rodas says her husband was driving at 55mph - not at unsafe speeds as law enforcement investigators decided - before it crashed last year.