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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.

BMW Alpina B7 – the closest you’ll get to an M7

The BMW Alpina B7 - now available in the US BMW has made it clear that they won’t be making an ‘M’ version of the 7 Series. I know, we’ve hear that all before with the X5, but they seem adamant. In fact, one of our readers questioned our story about ‘No BMW M7‘ a couple of months ago after his local dealer said the M7 was coming in Spring 2010.

Infiniti Etherea to become B-Class based Infiniti DX

Infiniti Etherea will become the B-Class based Infiniti DX in 2014 To be entirely fair, the news that Infiniti is going to be build a compact crossover on the new Mercedes B-Class MFA architecture – and that it is the Etherea Concept forming the basis and likely to be called the Infiniti DX – isn’t a huge surprise. We knew last year when Nissan and Mercedes announced a partnership deal that it would impact on Infiniti as well as Nissan. And the first fruits of that have been confirmed by Carl Ghosn, with the news Infiniti will launch a compact crossover in 2014 using the Mercedes MFA platform which underpins the new B-Class.