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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.

'Gran Turismo 6' coming for PS3 this holiday season

Update: Preview video added below for your enjoyment. When the sixth installment of "Gran Turismo" hits store shelves this holiday season for the PlayStation 3, it will include 1,200 cars, 33 tracks in 71 layouts, a new track editor with 10 square kilometers of scenery, and more ways to connect with friends and rivals. The new installment will add to the franchise's current sales of 70 million copies, continuing its run as one of the biggest sellers on the PlayStation family of consoles.

Uwe Bahnsen 1930-2013

The design world remembers Uwe Bahnsen, who passed away on 30 July aged 83. Born in Hamburg, he studied Fine Arts at the Hochschule für Bildende Künste before joining Ford in 1958. His final position at the blue oval was vice president of design, which he held until 1986.