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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.

Higher speed limits 'save lives'

AN INCREASE in the speed limits on some roads in Denmark has reduced traffic collisions and cut road deaths. The two-year trial has also found that higher speed limits on motorways have helped lower the number of accidents. The Danish road directorate conducted the trial on rural two-way roads where there had previously been an 80km/h (50mph) speed limit and increased it to 90km/h (56mph).

BMW adds 3-series GT to 2014 lineup

The BMW 3-series family is growing, as the German automaker adds a GT, or Gran Turismo, model to its lineup. The car launches this summer as a 2014 model after a reveal at the Geneva motor show. The 3-series GT is 7.9 inches longer, has a 4.3-inch longer wheelbase and is 3.2 inches taller than the existing 3-series wagon.