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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.

MG3 Trophy Championship Concept previews MG Hot Hatch

MG3 Trophy Championship Concept (pictured) previews a future MG Hot Hatch The revival of MG so far has been about delivering rather prosaic Chinese cars given a gloss of credibility with and MG badge. But if MG are to succeed they really need to use some of the heritage of MG to grab buyers attention. That probably means a credible hot hatch rather than a traditional MG Roadster, so the arrival of the MG3 Trophy Championship Concept at MG’s 90th birthday celebrations at the weekend is perhaps a good pointer of the sort of direction we could see from MG in the coming years.

Diesel-powered Audi A3 Sportback TDI coming to America in 2015

The Audi A3 family has another America-bound variant: the automaker announced at the New York auto show that a diesel-powered Audi A3 Sportback TDI will go on sale here in 2015. Previously, we were told that the plug-in hybrid version of the vehicle -- the so-called Audi A3 Sportback e-tron -- would be the only one to make it to American markets. According Audi, it was enthusiast demand that spurred the change.