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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.

M25 shut again as lorry overturns

TRAFFIC CHAOS has been brought to one of Britain's busiest motorways after the M25 has had to be closed for the second time in three days - again due to a serious accident involving an overturned lorry. Today's incident, which is resulting in long tailbacks, has resulted in injuries to two people, with one in a critical condition, police said. The stretch of road shut is the M25 between junction 23 at South Mimms in Hertfordshire and junction 25 at the junction with the A10 north of Enfield in north London.

Suzuki CrossHiker, X-Lander & Hustler Concepts for Tokyo Motor Show

It’s the Tokyo Motor Show next month, and that’s a big deal for Japanese car makers, eager to make a statement at their home motor show, and Suzuki are quick out of the gate with three new concepts for the show. The Suzuki Crosshiker is a three-door crossover that comes complete with a big panoramic roof, weighs just a bit over 800kg, is about the size of a compact car – but higher riding, and is powered by a new, frugal three-cylinder engine. Concept number two is the Suzuki X-Lander which get built on the underpinnings of the Jimny and gets four wheel drive with power coming from a 1.3 litre petrol engine mated to an electric motor.