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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.

Kentucky bourbon-powered car: Because gas isn't expensive enough

We're filing this one under “urban legends” until we get further confirmation, but a Kentucky man has reportedly built a homemade car that runs on bourbon whiskey. Why would 62-year-old Mickey Nilsson of Bardstown do such a thing? He allegedly was inspired by the movie Chitty Chitty, Bang Bang and by the hosts of the reality-TV show American Pickers.

Porsche plans four-door Panamera convertible

A series of European and U.S. patent applications obtained by AutoWeek show that Porsche remains committed to building a four-door convertible version of its flagship Panamera, despite recent comments from Zuffenhausen insiders indicating the car had been canceled. The new car, depicted in official drawings that accompany the latest Porsche patent applications filed in February, eschews the two-door route taken by all of its upmarket rivals for a four-door body.