Nissan wins New York taxi bid
Nissan has won a deal to provide New York City with new taxis.
Japanese car manufacturer Nissan has won the bid for a deal that will see it supply New York City with 26,000 new taxis.
Business negotiations with city officials saw the firm chosen over competitors Ford and Karsan Otomotiv.
The deal is thought to be worth around $1 billion (£610 million) and will use vehicles based on the NV200 minivan.
Mayor Michael Bloomberg welcomed the move, claiming the new cabs will be the "safest" and "most comfortable" that the city has ever had.
"The new taxis will be custom-designed to meet the specific demands of carrying 600,000 passengers a day," he said.
Bloomberg went on to explain that the process was initiated in order to "leverage" the power of the city's taxi industry to find a vehicle of the highest quality.
This comes shortly after European regulatory authorities announced the opening of an investigation into the proposed acquisition of MWM Holding GmbH by US building giant Caterpillar.