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UK car sales slump as credit crunch bites

By Nigel Wonnacott Motor Industry 07 July 2008 13:18 It’s finally happened. The new car market has succumbed to the economic slowdown and punters are staying away from showrooms in droves. Latest figures from industry trade body the SMMT showed an 11.9 percent fall in private sales in June 2008 to 83,425 cars.

News watch July 2011: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: car news summaries are added from the top hour-by-hour Friday 29 July• The BBC and Sky have a agreed a TV deal for F1, which will see the Beeb only broadcast half of all Grand Prix races from the 2012 season (BBC) • Aston Martin Racing will revert to its older, V12-powered DBR1-2 LMP1 racer for the remainder of the Intercontinental Le Mans Cup (ILMC) while the new straight six-powered AMR-One 'continues to undergo review' (Aston Martin Racing)• Dr Heinz-Jakob Neußer is to take charge of drivetrain development at VW from Volkswagen 1 October 1 2011. His predecessor Dr Jens Hadler is leaving at his own request, and Dr Rüdiger Szengel is to become deputy head of VW's drivetrain development and retain his role as head of petrol engine development (Volkswagen) Thursday 28 July• Porsche today dug the first soil at its €150m extension of the Weissach R&D base.

New Volvo Drive-E engine delivers 444bhp – from just 2.0 litres

The new Volvo Drive-E engine (pictured) delivers 444bhp When Volvo announced its new Drive-E engine range would consist of just a single petrol and diesel engine of 2.0 litre capacity, we did wonder if Volvo had given up on the idea of delivering properly powerful road cars. But it seems not. We already know that the T8 hybrid powertrain for the new XC90 will deliver 394bhp, but now Volvo has revealed a Drive-E concept engine that delivers an even more impressive 444bhp without the aid of electric motors and batteries.