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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.

MINI Roadster & MINI Coupe Video teaser

A grab from the first MINI Coupe & Roadster promo teaser MINI has sent us this video – MINI. Two Untamed. Mirror which is the first of a series of videos promoting the reveal of the MINI concepts next week.

Suzuki says mid-sized sedan will come to U.S. as planned

Suzuki, refuting media reports from Japan on Monday, said it still plans to release a mid-sized sedan based on the Kizashi 3 concept in the United States this year. The Nikkei business daily reported that production plans for the car had been shelved. "The production version will debut at this year's New York auto show in April," said Jeff Holland, spokesman for American Suzuki Motor Corp.