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.

Stage 3 Mustang rejoins Roush lineup

After taking a one-year break, the Stage 3 Mustang is back in the Roush Performance Products lineup for the 2012 model year. For fans of Roush Mustangs, the Stage 3 package sits at the head of the class. Roush bolts a supercharger onto Ford's 5.0-liter V8 and dials up 12 psi of boost.

Mercedes S400 BlueHybrid (2008): first official pictures

By Ben Whitworth First Official Pictures 18 September 2008 17:00 These are the first pictures of the new Mercedes S400 BlueHybrid. With a combined economy figure of 35.8mpg and a CO2 rating of just 190g/km, Mercedes claims it is the world’s most economical petrol-powered luxury saloon. But put your chequebook away – it’s not coming to the UK.