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Red Bull F1 denied access to Honda engines

There are four engine manufacturers in Formula 1: Ferrari, Honda, Mercedes-Benz, and Renault. Infiniti Red Bull Racing ended its marriage to Renault, got to the altar with Mercedes and then Mercedes backed out, couldn't even agree on a pre-nup with Ferrari, and Honda flat-out said, "No." At the moment that has left the four-time World Champions without an engine for next year, owner Dieter Mateschitz threatening to take his two teams and four cars out of the sport, and F1 honcho Bernie Ecclestone threatening to sue Mateschitz if he does. The Japanese company had turned down the idea because after a first year with some poor performances and a few public sour notes, it wants to get McLaren's cars running properly before it expands its operation. Now it seems some behind-the-scenes action of late has opened up channels between Red Bull and Honda, and the two are at least talking. Honda, though, still says such a deal is highly unlikely at best, and Red Bull says it will have something to say when something is done. It appears that McLaren chief Ron Dennis, however, has vetoed the idea. Ecclestone says Honda made a deal with the FIA that would allow Honda to supply two teams in its second year, but Honda gave Dennis veto rights over who the second team would be. For the same reason that Mercedes backed out and Ferrari only wanted to sell Red Bull year-old engines, Ecclestone says Dennis might view Red Bull as a competitor and doesn't want to risk two more cars getting in front of his own. If that's the case and Red Bull is going to remain in the sport, it might need to hit the flower shop and book a trip to Renault headquarters. Soon. Related Video:

McLaren debuting lighter, more powerful 675LT in Geneva

McLaren has quite an event in store for the 2015 Geneva Motor Show. The British sports car maker already confirmed the debut of the production-intent version of the P1 GTR track-only supercar, and now the brand has added the 675LT to that list of unveilings with a brief teaser video. Two of the biggest details about the latest McLaren come right in its name. The 675 is a reference to its power in PS, which equals 666 horsepower in our system. That's a healthy 25-hp boost over the standard 650S. The LT suffix stands for longtail, and is an allusion to the famous F1 GTR Longtail with its much more aggressive bodywork later in the F1's racing career. McLaren already teased the more potent version's look (pictured below), but it's not easy to spot all the performance add-ons. Still, the brand is promising the 675LT to be the "the lightest, the quickest, and the purest version in the range." The coupe-only model benefits from tweaked aerodynamics for increased downforce, a lower weight and claims on enhanced driver engagement. Deliveries begin later this year. At the same time, McLaren is tweaking its naming scheme, yet again. The brand now refers to the 650S, 675LT, Asia-only 625C and their variants as the Super Sport Series. The moniker differentiates this family from the company's upcoming smaller models that are called simply the Sport Series. A SECOND GENEVA DEBUT AND A NEW NAME: THE McLAREN 675LT 28/01/15 LT model designation – standing for 'Longtail' – to join exisitng C and S range hierarchy LT to be the lightest, the quickest, and the purest version in the range Introduced by the 675LT which joins 650S and Asia-only 625C in the newly named McLaren Super Series Global premiere at the Geneva Motor Show in March 2015 alongside the production-intent McLaren P1™ GTR Modern day interpretation of the McLaren F1 GTR 'Longtail'– the evolution of a true world-beater McLaren will look to its heritage when it revives the legendary 'Longtail' name given to one of the purest GT sportscars of all time, the McLaren F1 GTR 'Longtail', for the launch of the new McLaren 675LT at the 2015 Geneva Motor Show. This road legal supercar will embody the 'Longtail' ethos with a focus on performance optimised aerodynamics, increased downforce, driver engagement, power and reduced weight.

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.