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Scrappage helps UK car sales in October

Scrappage Scheme sales accounted for 20% of sales in October Despite our reservations about the Scrappage Scheme, it does seem that it has inspired buyers in to showrooms in the last few months. And October has recorded a year on year increase of 31.6%, although total car sales are still down over 12% on 2008 figures. October saw a big rise in new cars sales to private buyers with sales rocketing by 86%, and there were rises in the fleet and business market.

GM, Chrysler sales fall more than 40 percent; Ford, Honda also slip

The biggest automakers posted some of the sharpest U.S. sales declines in September as demand dropped to its lowest level since April in the aftermath of the cash-for-clunkers program. The seasonally adjusted annual sales rate was 9.51 million units.

Lotus and Daniel Simon collaborate on C-01 hyperbike project

Lotus has announced the impending launch of its first motorcycle, the C-01, penned by automotive designer and futurist Daniel Simon. The C-01, previewed on the left, will be a hyperbike with integrated racing technology made from materials such as carbon, titanium and aerospace quality steel, and will be powered by a 200hp engine. It is designed to reflect a combination of lifestyle, design and high-end technology.