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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.

CDOTY awards presented at Auto Design Night Geneva

Car Design News, in partnership with Interior Motives magazine, hosted the fourth annual Auto Design Night event at La Sip nightclub in Geneva last night. With more than 300 attendees reading like a who's who in automotive design, designers were able to reconnect with old friends and make new acquaintances in a comfortable and inviting environment.  One of the highlights of the evening's festivities included the presentation of the fourth annual Car Design News Car Design of the Year Awards (CDOTY), recognizing the most publicly acclaimed concept and production car designs of 2008. Car Design News Editor Eric Gallina presented the award to BMW Group Design in the Concept Car category and General Motors Design for the Production Design category.

Vauxhall Cascada (2012) - first photos of new cabrio

Vauxhall today confirmed it will launch a new convertible called Cascada in 2013. Although based on the running gear, it's actually longer than an Audi A5 Convertible – launching Vauxhall and Opel back into the full-size cabrio market for the first time since the 1930s. The new Vauxhall Cascada is 4.7m long, 70mm longer than an A5 cab and 225mm longer than the Astra TwinTop.