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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.

A Maserati 3500GT named 'La Latina'

Frank Mandarano seems like a man after our own heart. We don't really know anything about him, except for his car. Or cars.

Chrysler quadruples profit in first quarter

The Chrysler Group is riding high on first-quarter profits this year that totaled $473 million. That's quadruple what it made last year during the same period. Revenue rose 25 percent to $16.4 billion, while U.S.