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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.

Queen Elizabeth needs a new chauffeur - could it be you?

We don't often post job listings here on Autoblog – and especially not ones based overseas. But then it's not every day that a sovereign monarch is in the market for a new chauffeur. Yet that's precisely what we came across, and not just for any monarch, either: this listing is for a chauffeur to drive around the Queen of England. The listing on the official website of the British Monarchy specifies that the job in question – based at the Royal Mews at Buckingham Palace – entails working "as part of a busy and supportive team tasked with driving members of the Royal Family, Household officials, guests and official visitors." That means being around some highly distinguished individuals, for what it's worth, but also getting access to some very rare machinery, the likes of which most people will never get close to: namely, the Bentley State Limousine, a vehicle designed and crafted in Crewe, based on the Arnage, specifically for use by Her Majesty and members of the royal household. Don't think that the proximity to one of the wealthiest families and heads of state in the world means the job would be what you might call "lucrative," though: it pays around $35k per year, which includes meals but not the mandatory lodging, the cost of which is deducted from the salary. Of course it is a government job, of sorts, so it comes with full benefits. And then Queen Elizabeth II has been known to drive herself around from time to time, when the mood strikes (and with impunity), so there could be a lot of downtime, too. News Source: The Royal HouseholdImage Credit: Bentley Government/Legal Hirings/Firings/Layoffs Bentley queen elizabeth ii chauffeur queen elizabeth

Bentley releases official Continental GT3 details [w/video]

It's been almost a year since we first laid eyes on the Bentley Continental GT3, but this race-bred Continental GT is finally ready to show off its moves. After debuting last year at the Paris Motor Show, the Continental GT3 makes its racing debut today at the Goodwood Festival of Speed before competing in the FIA Blancpain Series next year.
While Bentley released some of the car's details last month, we now have all we need to know about this car such as its curb weight of less than 2,866 pounds, its 4.0-liter twin-turbo V8 packing 600 horsepower and four-way adjustable suspension dampers. The exterior of the car stays true to the design of the Continental GT but has been given a once over to improve aero, and the interior has been stripped down to the bare essentials for racing. This doesn't mean that all luxury was thrown out the window, though, as the Continental GT3's steering wheel, door pulls and seat are all covered in hand-stitched leather. Scroll down for the official press release as well as a video showing the car in action.