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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.

Jaguar at Goodwood – the roundup w/video

The Bonneville Jaguar XFR was piloted up Goodwood's Hillclimb by Wing Commander Andy Green There were two main highlights for Jaguar lovers at Goodwood – the first showing of the Goodwood Special XKR and the chance to see the Jaguar XFR that broke the Jaguar speed record at Bonneville last year (Jaguar XFR Bonneville Video). The Goodwood Special XKR is a one-off, Lime Green creation by Jaguar designed to show the harder side of the Jaguar XKR. It features 21″ wheels, the Lime Green paint job, bold graphics and tweaks to the XKR’s 5.0 litre V8 to give an extra 20 horses and a boost to the torque.

GM builds 100-millionth small-block engine

General Motors will build its 100-millionth small-block engine on Tuesday, marking a milestone for the company. Engine No. 100 million is headed for GM's historic collection.