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40VPG Autos ceases operations

In the span of about a month, four start-up car-building companies in the US have encountered serious problems. Fisker laid off 75 percent of its employees, Coda filed for bankruptcy, Carbon Motors pulled out of its Indiana assembly plant and now VPG Autos has ceased its operations. VPG has not officially filed for bankruptcy, but it is no longer building its wheelchair-accessible MV-1 (pictured) at the AM General plant near South Bend, IN.

50VPG Autos MV-1 Taxi will leave the light on for you

The streets of Gotham are about to look a lot different. After being inundated with legions of bulky Ford Crown Victoria and the occasional Toyota Sienna or Prius for years, New York City's hack pool is slated to get a fresh crop of yellow ugly thanks to its "Taxi of Tomorrow" program.

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