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.

Range Rover Evoque drives British exports boom (2013)

Range Rover’s smash-hit Evoque has driven UK car production to its highest level since 2008, and an all-time record export level. In 2012, UK car manufacturing was up 9% compared with 2011, with 1.46m cars produced. Almost 83% were exported.

Google reveals its first self-driving car prototype (video)

Google’s first self-driving car prototype (pictured) Google might not be the first company that springs to mind as a car maker, but Tesla has already proved that Silicon Valley can produce a car that buyers want and Google are intent on following a similar route. But where Tesla’s USP is its long-range electric capabilities – and a desire to build cars for the market – Google’s goal is more technology orientated and is all about developing self-driving car technology that works in the real world. For the last few years, Google has been experimenting with existing cars kitted out with self-driving gubbins, but now they’ve taken the next step and built their own self-driving prototype.