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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.

Hyundai Genesis is practically autonomous on ‘Empty Car Convoy’ (video)

The Hyundai Genesis driver makes his escape The new Hyundai Genesis is a proper poke by the Koreans at the big, luxury end of the car market, and as such it comes equipped with plenty of luxury features and high-end technology. So with a new Genesis to promote, Hyundai thought it would be a bit of a wheeze to demonstrate just how good many of the driver assist technologies are on the new Genesis, to the point where it is capable (with a bit of fiddling) of being autonomous and safe. Hyundai lined up a convoy of six stunt drivers in the new Genesis saloon at their test track in the Mojave Desert, engaged adaptive cruise, lane hold and automatic emergency braking and set it off round the test track.

Concept Car of the Week: Keio Advanced Zero (2001)

‘Eight-wheeler electric limo-MPVs are the future!' said nobody. Ever. But professor Hiroshi Shimizu from Keio University in Japan believed such a machine could help him promote his innovative electric car concept.