Carquest / Gates High Performance #468 Belt 11/16" X 46 5/8". on 2040-parts.com

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.

CAR scoop: BMW and Toyota's joint sports car plot

BMW is buddying up with Toyota on an all-new sports car platform, set to underpin the replacements for the Z4, 6-series and GT86. The unlikely collaboration stems from an alliance that began in 2011, where BMW and Toyota agreed to co-develop next-generation lithium ion batteries, and for Toyota to use BMW’s fourpot diesels in its European cars. An engineering team is beavering away on the project, with the clock ticking: the suits want to outline the car’s specification before the end of 2013. What does BMW get out of the bargain?

Classic Ferrari becomes most expensive car ever sold in UK

This 1957 Ferrari 250 TR – or Testarossa – has just become the most expensive car ever sold in the UK outside of an auction. The exact figure paid is undisclosed, but is said to be in excess of the previous record-holder, a Ferrari 250 GTO that sold for £22.5 million in 2012. Yes folks, if you’ve got the cash, classic Ferraris are where it’s at in the investment world right now.