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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.

Car makers shun Detroit show NAIAS 2009

By Simon Stiel Motor Shows 27 November 2008 11:28 The number of car makers pulling out of Detroit's major auto show, the North American International Auto Show 2009, is growing. The very survival of Detroit is being questioned as Congress debates the $25 billion aid package to save GM, Ford and Chrysler – and now it looks as if the NAIAS is under threat too. In the past weeks, Ferrari, Land Rover, Rolls Royce, Mitsubishi, Nissan and Suzuki have announced their withdrawal from the show, which is scheduled to begin on 11 January 2009.

Vintage vehicles shine at annual Lime Rock Park fall festival

Mark your 2011 calendar for this event, right now. Vintage racing in the Northeast was virtually invented at Lime Rock Park in Connecticut. The sport was established by the Vintage Sports Car Club of America (VSCCA), founded in 1958, and remained “clubby” for nearly two generations, as anyone who ever saw Fred Willits drive his Bugatti GP car through the Lime Rock pits with his blue blazer buttoned over his driving suit will remember.