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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.

Design Contest: Pininfarina Student Awards 2006

In conjunction with Pininfarina Deutschland and VDC Fellbach, the Society for the Advancement of Architecture, Engineering and Design in Stuttgart (AED) awarded prizes to up-and-coming young designers as part of a competition that made its debut last year. The Pininfarina Student Award represents a platform intended to make entering professional life easier by offering internships at prominent design companies for successful entrants. In 2006 the Pininfarina prize was awarded in the following categories: - Building Design (Architecture & Engineering) - Transportation Design (Cars and Vehicles) - Industrial Design (Industry and Product Design) All students and graduates at schools in Germany who were not older than 28 at the time of submission could participate.

First 2010 Shelby GT500, two Mustang concepts to be auctioned

Three future Mustang classics will be auctioned off at the seventh annual Barrett-Jackson event April 9-11 in Palm Beach, Fla. The headliner is the first retail 2010 Ford Shelby GT500. The other two ponies are concepts that debuted during the 2003 auto show season.