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The UK votes for Brexit and it will impact automakers

It's the first morning after the United Kingdom voted for what's become known as Brexit – that is, to leave the European Union and its tariff-free internal market. Now begins a two-year process in which the UK will have to negotiate with the rest of the EU trading bloc, which is its largest export market, about many things. One of them may be tariffs, and that could severely impact any automaker that builds cars in the UK. This doesn't just mean companies that you think of as British, like Mini and Jaguar. Both of those automakers are owned by foreign companies, incidentally. Mini and Rolls-Royce are owned by BMW, Jaguar and Land Rover by Tata Motors of India, and Bentley by the VW Group. Many other automakers produce cars in the UK for sale within that country and also export to the EU. Tariffs could damage the profits of each of these companies, and perhaps cause them to shift manufacturing out of the UK, significantly damaging the country's resurgent manufacturing industry. Autonews Europe dug up some interesting numbers on that last point. Nissan, the country's second-largest auto producer, builds 475k or so cars in the UK but the vast majority are sent abroad. Toyota built 190k cars last year in Britain, of which 75 percent went to the EU and just 10 percent were sold in the country. Investors are skittish at the news. The value of the pound sterling has plummeted by 8 percent as of this writing, at one point yesterday reaching levels not seen since 1985. Shares at Tata Motors, which counts Jaguar and Land Rover as bright jewels in its portfolio, were off by nearly 12 percent according to Autonews Europe. So what happens next? No one's terribly sure, although the feeling seems to be that the jilted EU will impost tariffs of up to 10 percent on UK exports. It's likely that the UK will reciprocate, and thus it'll be more expensive to buy a European-made car in the UK. Both situations will likely negatively affect the country, as both production of new cars and sales to UK consumers will both fall. Evercore Automotive Research figures the combined damage will be roughly $9b in lost profits to automakers, and an as-of-yet unquantified impact on auto production jobs. Perhaps the EU's leaders in Brussels will be in a better mood in two years, and the process won't devolve into a trade war. In the immediate wake of the Brexit vote, though, the mood is grim, the EU leadership is angry, and investors are spooked.

Upcoming new BMW X6 leaks out ahead of full reveal

The X5 may have been the first BMW crossover on the market when it arrived in 2000, opening the door to more high-riding Bavarians to follow, but it's been replaced twice over now. The X3 is on its second generation, and with the X1 having been introduced in 2009 and the X4 soon to hit showrooms, that makes the X6 - introduced in 2008 - the oldest crossover in the BMW lineup. But it won't be for much longer.
Soon BMW will reveal the all-new X6, based on the latest X5 but with that tell-tale slanted roofline. But before it gets the chance, a handful of images have leaked their way all over the Internet to give us an advance look at what to expect.
The overall shape of the new X6 comes across as familiar, if a bit less of an awkward take on the vehicle that (for better or worse) launched the crossover coupe segment. Up front the twin kidney grilles and headlights are larger, in keeping with the latest BMW design language, and the bumper less horizontal and more dynamic. Towards the back there's a sharp crease above the wheel arch blending into the more rakishly shaped tail lights, while the metallic vent behind the front wheel arch lends the flank an even sportier appearance.

M-fographic breaks down the history of BMW performance machinery

Few characters carry the kind of clout among performance enthusiasts as the letter M. For 35 years now, that one letter has adorned over 300,000 BMWs, each tuned to deliver a higher degree of performance than the stock models on which they're based.
The M division has worked up nearly 100 different models over the past third of a century, which can leave even the most expert among Bimmer fanatics bewildered. Fortunately British auto loan service Carfinance247 has commissioned this handy infographic to make sense of it all, and you can check it out below to see what the letter M really stands for.