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NEWS ABOUT: cabs

NYC Taxi Medallions Sell for Whopping $1M Each

They were purchased for $80K each

(Newser) - If you’re looking for a good return on your investment, consider New York City taxicabs. Two taxi medallions, which you need in order to operate a cab, were sold yesterday for the record-breaking amount of $1 million each. Considering the first batch of medallions went for $10 ($157.50... More »

Cabs Go Green in New York

Bloomberg plans for all taxis to be hybrids by 2012

(Newser) - Every New York City taxi cab will be an eco-friendly hybrid in five years, Mike Bloomberg declared today. And by next year all new taxis will have to meet mileage and emissions standards. Cabs will turn green as part of the mayor's wider sustainability plan for the city, which is... More »

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