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Real UK car sales ‘have halved’ in November 2008

By Tim Pollard Motor Industry 02 December 2008 09:58 The United Kingdom’s car market is in freefall, CAR has learned. Although official registration figures won’t be released until later this week, we can reveal that retail sales slumped by 45% in November 2008. It’s a crucial metric, retail registrations being actual sales to real people – as opposed to bulk-buy fleet deals to businesses (which are also down).

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Heuliez concept collection up for auction

A collection of coachbuilt specials and concept cars by French company Heuliez is to be sold at auction. The selection of 56 cars spans a huge spectrum from a Fiat 500 up to Le Mans racers but what really caught our eye were the oddball one-off conversions. Highlights include the Citroën BX Break De Chasse ‘Dyana', a three-door shooting break version of Gandini's classic, the 1972 Peugeot 204 Taxi H4 and the targa-roofed Citroën SM Espace.