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Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.

Pink Rolls Royce FAB 1 actually has a pink vinyl ‘Wrap’

But it seems Rolls Royce must have thought much the same, as it turns out that the impressive paint job isn’t actually that at all, but a pink vinyl wrap provided – free of charge – by car vinyl wrap experts Raccoon. Raccoon chose a gloss laminated film to wrap the Ghost to make sure it looked as indistinguishable as possible from a bespoke paint job, and it worked. No one has noticed the pinks Rolls Royce doesn’t have a custom paint job and that’s down to Raccoon taking extreme care to carefully wrap not just the outside panels, but also stuff like door sills and any areas that might otherwise give the game away.

Ford to sell Aston Martin

By Georg Kacher Motor Industry 31 August 2006 02:39 The world’s two biggest luxury goods firms – including the conglomerate behind brands like Moet and Louis Vuitton – are locked in a battle to buy Aston Martin from cash-starved Ford. Ford announced today that the British sports car manufacturer would be sold and CAR has learned that Swiss-based Richemont and the French holding company LVMH have emerged as most likely to take on Aston despite having no previous experience in the car industry. Ford desperately needs to tap into the potential $700m-$1bn the sale of Aston could generate and hopes to finalise a deal by the end of the year.