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Caterham to unveil 620 R at Goodwood Festival of Speed

Caterham has launched a new version of the Seven dubbed the 620 R, and it will be shown to the public for the first time this weekend at the Goodwood Festival of Speed. This new Seven uses a 2.0-liter supercharged Ford Duratec engine producing a reported 310 hp. The 620 will make the 0-60 sprint in less than 2.8 seconds and streak all the way up to a top speed of 155 mph.

UK has 'highest car running costs'

THE UK is the most expensive country in the world for running a car, according to a new survey. Comparing the cost of fuel, insurance, road tax and MOT, on average it costs the UK motorist £3,453 a year, which is £1,000 more than in the USA and Australia, £1,825 than Japan and a full £2,000 more than in China. The survey, conducted by Webuyanycar.com, compared the cost of motoring in 21 countries on five continents, and revealed that on many fronts the UK motorist is paying more than anyone else.

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.