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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.

Daily Driver: 2015 Bentley Continental GT Speed

Daily Driver videos are micro-reviews of vehicles in the Autoblog press fleet, featuring impressions from the staffers that drive them every day. Today's Daily Driver features the 2015 Bentley Continental GT Speed coupe, reviewed by Steven Ewing. With a starting price of $235,000, it's not what you'd typically consider a "daily driver," but as we find out, this Bentley is indeed a car you could happily live with every single day. You can watch the video above or read a transcript below. Watch more Autoblog videos at /videos. VIDEO TRANSCRIPT [00:00:00] Hey, guys. This is senior editor Steven Ewing with another Daily Driver video. I'm in a car today that you wouldn't necessarily consider to be a daily driver by the normal logic. I'm driving the $235,000 2015 Bentley Continental GT Speed Coupe. Now, as its name would suggest with the word "speed" in there at the end, this is an incredibly powerful and incredibly quick car. [00:00:30] It's powered by a 6.0-liter twin-turbo W12 engine that makes about 626 horsepower and about 606 pound-feet of torque. As you can see, it is a seriously quick car. 0 to 60 is estimated to happen in about four seconds, and this thing will top out at over 205 miles per hour. It's not just the off the line acceleration, [00:01:00] it's how much power is available while you're already at speed. I'm on the freeway right now and just with a light tap of the throttle there's just this massive wave of torque that comes on. It's just smooth, seamless, it's effortless. It's really, really fun. You can really get it going hot into a corner, let it hug it, and it really just grips. It's got a ton of power. [00:01:30] It's a really nice-handling car. A lot of people tend to think of Bentleys as being cars that you're driven in. You picture a Mulsanne pulling up with a chauffeur, but that's not the case with the Continental. In fact, Bentley's done a lot of work in recent years to drive home the point that the Continental is the driver's car. You look at things like the GT V8 S, which is one of my favorite Bentleys they've ever produced, where it's a car that despite its heft and its size and all of that, it's [00:02:00] still pretty involving. The chassis tuning is really good. The steering's pretty good. It's actually a good to drive car. On top of that, it's incredibly quiet in here.

Bentley says Conti Supersports 'isn't on the horizon'

For the longest time, Bentley made a name for itself making ever-faster versions of its core Continental range. These days, however, the British automaker has other things on which to focus. And that means there's little time to spend on developing a new high-performance Conti. After refreshing the Continental GT, GTC, and Flying Spur in 2011, Bentley came out with a new Continental GT Speed in 2012, boasting 616 horsepower. Last year it updated the range again, bumping the GT Speed up to 626 hp and releasing the GT3-R as a road-going version of the racing model, with a 4.0-liter twin-turbo V8 pumping out 572 hp. (A further refresh was rolled out just months ago, but was more cosmetic in orientation.) It even slotted the Speed's engine into the Flying Spur, and did a Speed version of the Mulsanne as well. What it hasn't done, however, is develop a successor to the previous Supersports model. "...A future Supersports model isn't on the horizon at the moment." – Mike Sayer, Bentley The Supersports was the performance flagship of the previous Continental range, boasting 621 horsepower, a 0-62 time of 3.7 seconds, and a top speed in excess of 204 miles per hour. But the current GT Speed is even faster, quoted at 206 mph. And with 626 hp, it's marginally more powerful too. The question, then, is whether an even more potent Supersports is in the works. And the answer is: not just yet. "While we're always looking at ways of extending our unique combination of luxury and performance even further, we're currently focused on delivering the all-new Bentley Bentayga SUV," spokesman Mike Sayer revealed in correspondence with Autoblog. "The Continental family has just received a suite of styling and usability upgrades for 16MY, and a future Supersports model isn't on the horizon at the moment." So while a new Continental Supersports could arrive at some point down the line, it's apparently not a priority right now. And what about the prospect of an even more hardcore version of the Continental GT3-R? Rumors have been circulating of an even lighter version in the works, unburdened by the bulk of the Conti's all-wheel drive system – but we're told that's not in the cards at the moment, either. "The Continental GT3-R has been very well-received around the world. Some regions (including the UK) have sold-out their allocation. A very limited number of cars remain in a small number of overseas markets," says Sayer.