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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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