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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.

Infiniti's 2013 luxury EV: the teaser sketch

Infiniti has released a teaser sketch of its upcoming electric vehicle. Revealed at the opening of Infiniti’s second UK dealership, at Piccadilly in London, the single image previews a ‘luxury’ EV that Infiniti promises will be launched in 2013. Underneath it’s essentially a Nissan Leaf, but as you can see from the sketch it won’t look like a re-nosed Nissan.

A perspective on Monterey Week

The end of Monterey Week is always a bittersweet affair for me. It's a year's worth of preparation and anticipation that leads to eight to 10 days of long days and longer nights filled with both work and fun. For me, 2012 was the third consecutive year of jumping on a plane and heading out West for the festivities.