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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.

BMW 320d EfficientDynamics Review & Road Test (2010) part 2

BMW 320d EfficientDynamics Road test and review - part 2 The BMW 32d EfficientDynamics could have been a step too far. It could have been a  cynical marketing car; one dreamed up by bean counters and marketers instead of engineers and car people. And on paper you could conclude that you’ll be wearing a bit of a hair shirt to benefit from the almost unbelievable eco-stats this ultra frugal 3-Series offers.

Lotus to double production – Return to Motorsport

Lotus CEO Dany Bahar plans to double production at Hethel and return to Motor Sport Through all the gloom and doom car makers have reported over the last year and more there has been one shining light which has seemed impervious to the downturn – Lotus. They’ve not only remained profitable but they’ve managed to bring to market a new car – the Lotus Evora – which has not only been pretty well universally praised but has a full order book to boot. Clever trick.