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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.

Audi sticks with Michelin – which is good for Michelin road tyres

Audi choose Michelin for 2012 races Audi are to stay with tyre maker Michelin and this year’s Le Mans 24hr cars will be shod with Michelin tyres. Have you ever wondered why car race teams choose one tyre maker over another? Well, in F1 it’s because they don’t have a choice, but elsewhere it’s different – they can choose.

Toyota introduces Tacoma Baja Series pickup at Texas State Fair

The Texas State Fair in Dallas isn't just the home of elephant ears, fried autumn pie and walking tacos. It seems to be the new launch point for pickup trucks in the United States. Ford, General Motors and Ram have already shown their next trucks, and Toyota brought something to the party, too.