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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.

KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

Amelia Island concours teases headliner

Usually teaser shots hint at the future, but this one is a glimpse of the past--and of one of headliners of the 2010 Amelia Island Concours d'Elegance. A shot was released this week of an aluminum body before restoration. It's the skin of a 1940s roadster that will be one of the spotlight cars at the March 12-14 concours in Florida.