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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.

Carbon-fiber parts and a software fix help create a lighter, faster Fiat

Chrysler Group's Mopar parts brand and Italian supplier Magneti Marelli have teamed up on a design exercise based on the 2012 Fiat 500 Abarth that shaved weight and added horsepower. The vehicle, called the Venom, has a number of carbon fiber components -- hood and side mirrors, for example -- that makes it about 200 pounds lighter than the 2,512-pound Abarth. The Venom uses software updates and additional exhaust components to boost the Abarth's standard 160-hp 1.4-liter turbocharged engine's output by as much as 25 percent.

Detroit motor show 2014: CAR’s A-Z guide

By the CAR editorial team Motor Shows 09 January 2014 14:00 Welcome to CAR's A-Z guide of the 2014 National American International Auto Show, better known as the Detroit motor show (or simply the NAIAS.) This year, the global automotive circus takes over Michigan's motor city from 13 – 16 January 2014, and sees the 'Big Three' automakers of America (Ford, GM and Chevrolet) lock horns with Europe's finest for show-stealing headlines. Mouth-watering debuts at this year's event include the BMW M3 and BMW M4, Corvette Z06, Lexus RC-F, and Mercedes GLA45 AMG. The new Porsche 911 Targa is also thought to be appearing.