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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.

Nissan Juke – revealed UPDATE: +video

Nissan has revealed the Juke Crossover ahead of Geneva We told you about ‘The Final Countdown’ press release Nissan sent us for the Nissan Juke the other day so I hope you tied a knot in your hankie and bookmarked us so you didn’t miss out. We now have lift-off. The Nissan Juke, all mickey taking aside, looks to be something of a winner.

Caterham Cars offers free 40-year anniversary package

Caterham Cars, the U.K.-based maker of lightweight track-day vehicles, will celebrate 40 years building the legendary Seven with a free option package for the open-wheel roadster. The package is available starting today, but only for the first 40 orders of the Seven or its variants. Rights to the Seven were acquired by Graham Nearn from Lotus legend Colin Chapman in 1973.