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Car sales plunge, Bank of England cuts rates
Thu, 06 Nov 2008New 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.
New MINI to be unveiled on 18 November
Mon, 19 Aug 2013The new third-generation MINI Hatch will be revealed at the British brand’s Oxford factory on the 18 November, ahead of a simultaneous showcase at the 2013 LA and Tokyo Motor Shows two days later. In a nice touch from the BMW-owned carmaker, the special unveiling event will be held 107 years to the day since creator of the original Mini, Sir Alec Issigonis, was born. MSN Cars recently checked out MINI’s preview of the new compact hatchback with the MINI Vision concept.
A greener Rolls-Royce?
Fri, 13 Aug 2010Are Rolls-Royce customers ready for a hybrid? How about diesel? The company is looking at any and all possibilities, including using parent BMW's active hybrid systems.