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Bentley unveils the Grand Convertible, a droptop Mulsanne Speed

Five years ago, when Bentley was preparing its farewell shindig for the Arnage, reports were that the Arnage's coupe and convertible siblings, the Brooklands and Azure, would get replacements on the Mulsanne platform. Obviously, that hasn't happened, although we were teased with the Mulsanne Vision Concept in 2012. Then, just this summer, we were again teased with rumors of a Brooklands and Azure one-two punch. While it still hasn't happened yet, Bentley's unveiling of the Grand Convertible seems to have put things in gear.
Not 'merely' a roofless Mulsanne, the Grand Convertible appears to be a droptop Mulsanne Speed, powered by a 6.75-liter engine with 530 horsepower and 811 pound-feet of torque, and fitted with the directional wheels only available on the Mulsanne Speed. Finished outside in Sequin Blue with a "liquid metal" hood and windshield frame and a burl walnut veneer on the tonneau cover - a similar combo used to introduce the Rolls-Royce Phantom Drophead Coupé eight years ago - the cabin is covered in Beluga leather with blue cross-stitching.
Company CEO Wolfgang Dürheimer says Bentley is watching customer reaction to the car, yet the press release says it's been "Developed to signify Bentley's intentions for the future." That sounds like better than even odds we'll be seeing this on the roads. For now, though, you can see it in the high-res gallery above, at the LA Auto Show starting this week, and at Art Basel in Miami after that, and you'll find a bit more info on it in the press release below.

Lamborghini could be sold or spun off from the Volkswagen Group

Volkswagen is reportedly considering a sale or stock listing for its high-end Lamborghini brand. The German automaker is looking to fold the Italian supercar brand into a separate legal entity, reports Bloomberg, which cites "people familiar with the matter" who don't want to be identified "because the deliberations are confidential and no decisions have been made." Any of this sound familiar? The goal of spinning off Lamborghini would be to stockpile more cash and other resources for VW's massive planned push into electric vehicles. Back in March, reports circulated that Volkswagen's "Vision 2030" corporate plan might include plans to focus on the brand's core brands — VW, Audi and Porsche. That means the futures of fringe players like Lamborghini, Bentley, Bugatti, motorcycle brand Ducati and design firm Italdesign (and note this isn't a comprehensive list of brand's under the expansive VW Group umbrella) are up in the air. VW, according to the report, is targeting a market value of $220 billion, which is a big jump from the brand's current $89 billion valuation. Bloomberg pegged Lamborghini's valuation at around $11 billion back in August, buoyed by sales and profits generated by the introduction of the Urus sport utility vehicle. On the flip side, Lamborghini is currently grappling with how best to update its supercar lineup in the face of ever-increasing emissions regulations.

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.