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UK car output falls 14% in March, may get worse with no-deal Brexit

LONDON — British car output fell for the 10th month in a row in March, hit by a slowdown in key foreign markets, and the sector stands to suffer a lot more if the country leaves the European Union without a deal, an industry body said on Tuesday. Output tumbled by an annual 14.4 percent to 126,195 cars in March, the Society of Motor Manufacturers and Traders said. Exports, which account for nearly four out of every five cars made in Britain, were down by 13.4 percent. The SMMT said analysis it had commissioned predicted output would fall this year to 1.36 million units from 1.52 million in 2018, assuming London can secure a transition deal with the EU. If Britain has to rely instead on World Trade Organization rules for its trade with the bloc, which include import tariffs, output is forecast to fall by around 30 percent to 1.07 million units in 2021, returning to mid-1980s levels, the SMMT said. The forecasts were produced for SMMT by AutoAnalysis, a consultancy. Prime Minister Theresa May has secured a delay to the Brexit deadline until Oct. 31, giving her more time to try to break an impasse in parliament over the terms of Britain's departure from the EU. Foreign minister Jeremy Hunt traveled to Japan earlier this month to try to persuade the Japanese government and Toyota, which has a big presence in Britain, that London was determined to avoid a no-deal Brexit. "Just a few years ago, industry was on track to produce 2 million cars by 2020 — a target now impossible with Britain's reputation as stable and attractive business environment undermined," SMMT chief executive Mike Hawes said. "All parties must find a compromise urgently so we can set about repairing the damage and diverting energy and investment to the technological challenges that will define the future of the global industry." (Reporting by William Schomberg, editing by David Milliken)

Watch a Jaguar tow a man on skis to 117 mph

Jaguar wagons are fun. Skiing is fun. Combine the two, and you get the above, which looks extra fun. Apparently there is a Guinness world record for top speed skiing while being towed by a vehicle. According to the video, that record was just under 70 mph. While we're not experts on high-speed skiing, that actually seems a little low, and so did Jaguar and Olympic skier Graham Bell. So Jaguar and Bell went to an undisclosed location in the Arctic Circle to break the record. Jaguar brought along an XF S Sportbrake, a 380-horsepower wagon that is now available in America (yay!). They hooked up a line to the back, Bell suited up, held on, and rode along to a final speed of about 117 mph, a full 47 mph faster than the last record. Frankly, we found this to be a pretty cool activity (no pun intended). We think maybe it should be considered for a new Olympic sport. Sure would be better than ice dancing. It could look something like the Bonneville Speed Week, with a big multi-mile stretch of snow to be towed along. Think about it, International Olympic Committee, you still have time before the 2018 Winter Olympics. Related Video: Image Credit: Jaguar Jaguar Wagon Luxury Videos jaguar xf sportbrake skiing

Weekly Recap: The divergent paths of Tesla and Fisker

There's no doubt that Tesla is downshifting while Fisker has been grinding its gears. But it wasn't always that way.
In the wake of Tesla's recent success, it's easy to forget that there were once two California electric carmakers with bright futures.