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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.

College Exhibition: RCA/VW - Day and Night

Vehicle Design students at the Royal College of Art in London, UK, started work on a project sponsored by Volkswagen in October last year. Asked to research and visualize future market sectors and the needs, aspirations and desires of potential users; VW's brief to the students was to create a vehicle which had an innovative, integrated interior to reflect the research the students conducted, in a space that had equal value both in the daytime and at night. The brief also called for new space concepts for the person/machine interface through new functions and new packaging of components.

Goodwood Festival of Speed 2008 Videos | CAR Magazine Online

By Tim Pollard Motor Shows 25 June 2008 09:30 The Goodwood Festival of Speed is a unique event in the motoring calendar. Lord March has created a garden party atmosphere in the grounds of his stately home – with a mix of cars, ancient and modern, thrilling enthusiasts as they climb the hill. We’ve picked some of the best moments on video for you to watch.