One Lap of the Web: World's strangest Edsel Pacer, racing Corvettes and 10 automotive missteps

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- The Edsel didn't win many style awards as a passenger car, but how do you feel about it as a piece of heavy construction equipment?

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.

Peugeot 508 – 5 By Peugeot Concept

Peugeot are taking the '5 by Peugeot' Concept to Geneva - the new Peugeot 508 Back in November we reported that Peugeot were going to stop producing the 407 and 607 and deliver a new car to fill the gap – the Peugeot 508. Which makes a whole heap of sense. Apart from in France it’s always been then case that the bigger the French car the poorer its sales are, and the poor old 607 hasn’t exactly set the world alight with its huge sale.