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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.

Peugeot 2008: Official

The crossover / SUV version of the new Peugeot 208 – the Peugeot 2008 – has been revealed officially by Peugeot ahead of a Geneva 2013 debut. But the first official details from Peugeot of the production version of the 2008 tell us nothing more than we reported on Saturday when we got the first photos. Peugeot are long on how they’ve drawn on the 3008 Crossover (a better car than you’d expect) to create a B Segment Crossover that will take the fight to everything from the Countryman to the Juke, but very short on any real detail.

Citroën to unveil DS4 Racing 'concept'

Citroën is set to debut its all-new DS4 Racing concept at next month's Geneva show as part of its evolution of the DS lineup. The concept, developed by Citroën Racing – the company's seven-time WRC winning motorsports division – is host to a range of new features courtesy of the Citroën Racing engineers. The chassis has been lowered by 35mm from that of the DS3, with the track being widened by 55mm at the front and 75mm at the rear along with the inclusion of 19-inch wheels.