In the early 70's, the oil crisis pushed taxi companies looking for fuel efficient cars. The best solution ? Peugeot with a Diesel engine. The first yellow Peugeot cab was a 504.
At the beginning of the 80's, the 505 started to replace the 504. The 505 kept the Diesel engine. It was well known by the taxi drivers for its low fuel consumption and its reliability.
Some of the yellow Peugeot cabs were shipped abroad for a second life.
Today there is no more chance to get a crazy taxi ride with a yellow Peugeot cab in NYC. However, if you really want it you can download the yellow Peugeot 308 GTi cab for GTA IV !