Geely to revolutionize London's black taxis

Three years ago, London Taxi Co was bankrupt and Londoners faced losing their familiar black taxicabs. But thanks to Chinese automaker Geely, the re-energized company is about to introduce a radical change on the streets of London.

Geely's London Taxi unit will reintroduce the cab in the middle of next year. It will be more environmentally friendly, shifting from diesel to electric power, and more spacious, holding one more person than the previous car.

The new taxicab also features a wheelchair position that faces forward.