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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.

Jaguar at Goodwood Festival of Speed. Will we see the Jaguar F-Type R?

Will Jaguar show off the Jaguar F-Type R (pictured) at Goodwood? With the 2013 Goodwood Festival of Speed arriving at the end of the week, car makers are revealing what they’ll be taking to the petrolhead party, and it looks like Jaguar are taking something new too. As well as a chunk of the quickest Jaguars in existence, there’s going to be a new Jaguar F-Type Roadster Design Study.

One Lap of the Web: a lap of the 'Ring, a lap of the YouTubes and a lap of the eBays

-- The Porsche 918 achieved a spectacular and borderline-unbelievable time just a few days ago, but here are some less heroic cars lapping the 'Ring, like Peugeot 205s, modern BMWs and a few bikes mixed in for good measure. Check out the classic Heckflosse (fintail) Mercedes-Benz at 2:05. -- Filmmaker Casey Neistat filmed, umm, a pretty good commercial for the new Mercedes-Benz CLA, but it's the making-of video that's even more fun to watch.