YOUR NEXT CAB WILL BE A VOLT:

The project to build plug-in hybrid versions of the iconic London black cab is about to receive a significant new dose of funding.

The company that makes the cabs, London Taxi Company (LTC), is now owned by the Chinese carmaker Geely.

That company--which also owns Volvo--has already provided cash and design input.

Now, it's planning a bond issue to raise £276 million (about $400 million) to develop the plug-in hybrid taxis.

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