London taxi-maker raises $400m to develop greener cabs

Hybrid TX5 model of black cab is expected to be ready for sale by end of next yearThe Chinese firm that makes London’s black cabs has raised $400m (£275m) to fund the development of a fleet of greener hybrid taxis ready to roll off the production line next year.Under measures introduced by the former mayor of London Boris Johnson, all London cabs must be capable of running with zero emissions from 2018 in an effort to clean the capital’s air. Continue reading...