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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.

Mansory Bentley Continental GT V8 Convertible is gaudy and green to the max

Mansory is all about excess, and if the Geneva Motor Show were going on, all visitors to its booth would likely need eye protection upon entering. Take this Mansory Bentley Continental GT V8 Convertible for an example. The exterior paint may be matte black, but it’s gaudy to the max. ThereÂ’s a body kit in play here, giving the hood, front bumper, side skirts and rear bumper the Mansory edge (or ugly, however you want to look at it). Much of the classy Bentley styling is interrupted here, but the interior is where Mansory really went nuts. That green youÂ’re looking at is called “green chrome-oxite,” and it might just be visible from the International Space Station. The leather is all in-house Mansory work, which is then complemented by carbon fiber. If you like diamond-quilted stitching, youÂ’re in luck. The leather design is literally everywhere it could possibly be, even in places where it makes no sense, like the floor. This Continental GT V8 also has a couple performance modifications, too. Mansory has fitted a high performance exhaust system and fiddled with the ECU for a little extra power. It now makes 640 horsepower and 656 pound-feet of torque, up handily from the 582 horses and 568 pound-feet of torque it makes in stock form. That lowers the 0-60 mph time by one tenth of a second to 3.8 seconds. Top speed also rises from 198 mph to 205 mph. Finally, you can crest 200 mph in your V8 Continental. Mansory truly leaves no stone unturned in a build like this. Even the engine bay features green accents all over the place. Pricing wasnÂ’t detailed by Mansory, but if youÂ’re one of the few (or maybe just the one?) who actually wants a Bentley in this spec, weÂ’re sure Mansory will put a number out there for you. WeÂ’ve shot a note over to Mansory ourselves to see what this monstrosity of a Bentley conversion costs. ItÂ’s sure to be extravagant. Related Video:    

New Bentley boss nixes any new sports cars in its money-losing lineup

Adrian Hallmark took over the helm at Bentley on February 1 this year. Volkswagen poached him from Jaguar, where he headed the brand's global strategy. Or perhaps we should say re-poached him, since Hallmark served as Bentley's board member in charge of sales and marketing from 1999 to 2005, and helped guide the original Continental GT to market. He's now responsible getting Bentley in better shape financially and sales-wise, and positioning it for growth. Among the products necessary to do that, Hallmark recently told Autocar that flashy coupes won't cut it. "I'll tell you what we won't be building," he said, "and that's sports cars." That means we can forget about the gorgeous EXP 10 Speed 6 coupe that had a rumored place in the lineup after a sub-Bentayga CUV, and the EXP 12 Speed 6e battery-electric convertible. Hallmark cited a few issues with the segment, the first being that the segment hasn't yet recovered from the recession, and the buyer demographic that's left goes up in age every year, clearly a losing game. The kinds of younger buyers who would buy Bentleys, athletes and entertainers, are deterred from the purchase by contractual limitations like injury clauses or aversion to paparazzi photos. As well, in China, wealthy buyers get SUVs or limousines, but Hallmark believes Bentley hasn't adopted the the proper strategy there to take advantage. This is far more than about sports cars for Bentley, though; a recent article in German newspaper Handelsblatt outlined a number of situations the carmaker needs to rectify, including the finding that Bentley's "losing money hand over fist instead of racking up the hefty margins more typical of the class." A German study claimed that whereas Ferrari makes around $80,000 on every car it sells, and Porsche makes a little more than $19,000 on each car (last year it was a little more than $17,000) Bentley loses a little more than $19,000 on each unit. The English manufacturer has posted an operating loss of roughly $92 million through the first six months of 2018, the latest figures in a decline that began in 2014. That financial timeline, however, coincides with Bentley's $1.1B investment in new technologies, which the carmaker cites as the reason for profitability woes.