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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.

Dodge uncages 2010 Viper SRT10 Final Edition

Packing 600 hp and clad in a sinister black-and-gray paint scheme, the ominously named 2010 Dodge Viper SRT10 Final Edition was unwrapped on Tuesday. This snake is yet another special edition of the supercar as Dodge celebrates the final year of the current generation. The car’s future is unclear.

Mazda Ryuga concept

Mazda North America has released a sketch of its Mazda Ryuga concept to be shown at the Detroit Auto Show in January. The Mazda Ryuga builds on Mazda's design language 'flow,' most recently seen in the Nagare concept shown at the Los Angeles Auto Show. Ryuga is Japanese for "gracious flow," and makes use of 'rich fabrics, engineered fits and hidden details,' according to Mazda.