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Crunch watch: the economic crisis and the auto industry

Rated 4 out of 5

Tim Pollard and Simon Stiel, 02 December 2008 12:49

Tuesday 2 December 2008Indian manufacturing giant Tata has had its credit rating dropped two levels to B1, as it asks members of the Indian public for cash investment (Financial Times). CAR understands that the UK car market is likely to be down by 37% in November when new-car registration figures are announced later this week, with private sales – to ...

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Crunch watch: the economic crisis and the auto industry

Rated 4 out of 5

Tim Pollard and Simon Stiel, 02 December 2008 12:49

Tuesday 2 December 2008Indian manufacturing giant Tata has had its credit rating dropped two levels to B1, as it asks members of the Indian public for cash investment (Financial Times). CAR understands that the UK car market is likely to be down by 37% in November when new-car registration figures are announced later this week, with private sales – to ...

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Real UK car sales ‘have halved’ in November 2008

Rated 4 out of 5

Tim Pollard, 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). The ...

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Ford to sell off Volvo: newsflash

Rated 4 out of 5

Tim Pollard, 01 December 2008 15:18

Ford has just announced it is putting Volvo up for sale. The strategic review, announced today, is part of the Blue Oval’s rescue plan and, if it does sell its Swedish outpost, it could add hundreds of millions to Ford’s wonky balance sheet. The news underlines the collapse of Ford’s global ambitions. Throughout the 1980s and 1990s, it carefully built ...

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Win a Ferrari California driving cap

Rated 4.5 out of 5

Ben Pulman, 01 December 2008 14:54

Can’t afford the new Ferrari California but want to feel the same wind-in-the-hair experience as each new Prancing Horse owner? Then enter CAR’s latest competition and you could win a Ferrari California driving cap from famed Italian hat maker Borsalino. Click here to enter our competition Made from the same leather as the Ferrari California’s seats, this stitched hat is ...

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Photo of the week: Rolls-Royce Phantom Drophead Coupe

Rated 4.5 out of 5

Ben Pulman, 01 December 2008 14:32

Didn't make it to the 2009 LA Auto Show? Then you missed the ugliest Rolls-Royce Phantom Drophead Coupe ever made (see our pictures, right). Faced with the prospect of arch-rival Bentley showing off its new Azure T – a 500bhp version of the ultra-expensive convertible – in the same hall, Rolls was clearly wondering how to compete. How to out-do Bentley? The answer ...

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Aston Martin to axe a third of jobs

Rated 4 out of 5

Tim Pollard, 01 December 2008 14:00

Aston Martin announced at 2.00pm today that it is to cut a third of its UK workforce in a response to a slump in sales. The company, based in Gaydon, Warwickshire, said it today launched a consultation with the unions to cut 300 permanent jobs and 300 temporary posts – out of a total of 1850 employees. The news is ...

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Mini Convertible (2009): the new R57 cabrio

Rated 3.5 out of 5

Simon Stiel, 28 November 2008 10:46

Mini has just issued the first photos of the new R57 Mini Convertible, which rolls into dealerships in March 2009 and follows the lead set by the latest hatchback. So it's cleaner, a little bit more polished inside and out, and there will probably be evidence of some middle-aged spread when we drive it in 2009.So what's new on the ...

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Car makers shun Detroit show NAIAS 2009

Rated 3.5 out of 5

Simon Stiel, 27 November 2008 11:28

The number of car makers pulling out of Detroit's major auto show, the North American International Auto Show 2009, is growing. The very survival of Detroit is being questioned as Congress debates the $25 billion aid package to save GM, Ford and Chrysler – and now it looks as if the NAIAS is under threat too. In the past weeks, ...

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Aston Martin Rapide (2009): first official image

Rated 4 out of 5

Ben Pulman, 26 November 2008 12:34

This is the first official image of the new Aston Martin Rapide four-door super-saloon. Obtained exclusively by CAR Magazine, this computer-generated rendering from Aston shows the final production form of its new Rapide saloon. You can see a second image, and read about CAR’s exclusive ride in the development V12 Vantage, in the January 2009 issue of CAR Magazine, out now. How ...

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New January 2009 issue of CAR Magazine

Rated 5 out of 5

Tim Pollard, 26 November 2008 11:43

The new January 2009 issue of CAR Magazine goes on sale today – and we're lifting the lid on all the new cars of 2009. Don't miss our exclusive photoshoots and stories on 64 of the most important cars of the year. Edited highlights include:• All the key cars of 2009 under one roof• Porsche Panamera unveiled: six-page story• In-depth ...

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