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Warning over minicab 'free-for-all'

RAPE AND sex assaults could rise due to plans to allow minicab owners to lend their vehicles out to anyone when not at work, police bosses have warned. A cross-party group of Police and Crime Commissioners (PCCs) across England and Wales said planned deregulation will lead to a "free-for-all". Currently, only licensed private hire drivers can drive a marked private hire vehicle, drivers have to be regularly re-licensed and there are restrictions on vehicles operating across local authority boundaries.

Former Ford CEO Red Poling dead at 86

DETROIT -- Harold "Red" Poling, the CEO who helped revive Ford Motor Co. after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.