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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.

Tesla Models S UK price announced

Tesla has opened its first UK car dealership at the Westfield Shopping Centre in White City, London. At the opening of the premises, the American premium electric vehicle manufacturer confirmed its Model S saloon will cost £49,900 in the UK, with delivery of the first cars targeted for the end of March 2014. On Bing: see pictures of the Tesla Model S Find out how much a used Tesla costs on Auto Trader Tesla Motors’ co-founder and chief executive officer Elon Musk was at the event hosted specially for UK customers, and hinted at future plans for the brand in Britain: “Tesla is taking the UK market very seriously, and there are more stores and service centres to come.

Honda Civic Type R to debut at Geneva Motor Show 2014

Honda The Honda Civic Type R hot hatch will finally make its public debut at the Geneva Motor Show 2014 as a "Concept", and this is the first official picture. Yes, sadly, it’s still just a design sketch at this stage. But come the beginning of March we will at last be given some idea what the new Type R will actually look like when it eventually goes on sale in 2015.