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No, this is not the screenplay for The Hangover Part III. But this story does demonstrate how brilliant ideas conceived at the bar with your buddies have a tendency to snowball out of control. In this case, a single, flippant thought (How high can a taxi meter go?), one that might have been resolved by Googling, led to a 50,000-mile excursion in an eBay Motors-sourced, $2,000 car.

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Click image to watch videos of this V8 London Cab after the jump

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Way back in April, the idea for electric green Black Cabs in London was first floated. Chinese automaker Geely is apparently still working on the cabs and the U.K. authorities and watchdog agencies are beginning to pick up on the idea. The Environmental Transport Association in particular has taken notice that many cabs in London are powered by diesel engines, which may be great for fuel efficiency but not so much for human health. Many diesel-powered vehicles emit plenty of particulates that ha

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Aside from the traditional red double decker bus, the other iconic transportation image from London England is the classic black taxi. The purpose-built taxis have been use in London and other British cities for decades, trundling around powered by small noisy diesel engines. The current TX4 version is built by London Taxi International (LTI). LTI is partnering with Intelligent Energy, Lotus Engineering and TRW Conekt to build a test fleet of fuel cell powered London cabs. The fuel cell system

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Launched three weeks ago by LTI Vehicles, the next generation of purpose-built London taxis, the TX4, is now available on Edinburgh streets. The TX4 looks like previous generation London taxis, but under the hood and inside the cab there have been some changes. Most interesting for us is the lower-emissions, Euro IV compliant VM turbodiesel engine, which puts out either 211 grams of CO2 per kilometer with a manual transmission version or 233 gm/k with an automatic. Combined mileage numbers are 3

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