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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.

Bentley releases special Pikes Peak edition Bentayga

Hot on the heels of its SUV class Pikes Peak record, Bentley is dedicating a special Limited Edition to the hill climb-prepared Bentayga. 10 specially outfitted cars will bear the Pikes Peak Bentayga name and badging. The 10 cars will all have the six-liter twin turbo W12 engine with 600 horsepower, paired to an eight-speed automatic transmission and a permanent four-wheel-drive system. There's adaptive air suspension and Bentley's 48V Dynamic Ride active anti-roll system. However, not all of the cars will be finished in the dazzling Radium Satin lime green, as Beluga Black paint is also an option. The carbon bodykit is standard, as is a Mulliner interior package with lime-colored accents and Alcantara on the seats, the door cards and the steering wheel. On the dash is a green motif of the Pikes Peak course, and a matching counterpart can also be seen on the front fenders. The wheels are also two-tone, painted in Beluga with lime green accents. The Pikes Peak edition Bentayga will be available to be ordered both in the United States and Europe from August onwards. We expect a majority of the limited edition cars to find owners across the pond from Crewe. Related Video: Featured Gallery Bentley Bentayga Pikes Peak Edition Image Credit: Bentley Bentley SUV Luxury Performance pikes peak bentley bentayga

2021 Bentley Flying Spur V8 First Drive Review | Making a scene at the ends of the Earth

Even in the face of fading four-door relevance, a new luxury sedan still turns heads, and that goes double when it’s sporting the Flying B. The 2021 Bentley Flying Spur V8 marks the return of the “entry-level” variant of BentleyÂ’s storied touring sedan, and perhaps for the last time, as parent company Volkswagen appears poised to electrify its flagship luxury brand. As luxury nameplates go, Flying Spur really isnÂ’t all that long-running. It was used on a handful of cars in the late 1950s and early 1960s and then mothballed for four decades, returning in 2005 as part of the same Volkswagen prestige project that brought us the Phaeton. The two were even assembled side-by-side for a brief period at one of VWÂ’s German facilities while BentleyÂ’s factory in Crewe scaled up; that probably went over far better in 2005 than it would have in 1959.  My oldest remaining memory of the (then still a Continental) Flying SpurÂ’s modern incarnation stems from a write-up by a journalist who had embedded with some of VW GroupÂ’s engineers in South Africa. They were subjecting it to hot-weather validation, running the prototype (disguised as a Mercedes-Benz) deep into triple-digit territory on remote, dusty highways in a once-unforgiving and distant corner of the globe. The whole thing seemed very romantic to a 20-year-old college student and budding European car nut. The notion of a 190-mph super-sedan being tested in a locale that was once the southern terminus of the known world seemed almost mythical, and it left me with the lingering image of the Flying Spur as the sort of conveyance one might employ in a quest to reach the very ends of the Earth. Naturally, it wasnÂ’t long after Bentley asked if I wanted to sample the new Flying Spur V8 that this association bubbled up. LetÂ’s face it, though; taking a road trip in a grand British luxury sedan needs no justification. This isnÂ’t a car that requires an occasion; it supplies one all on its own. The 4.0-liter V8Â’s 542 horsepower may not hold a candle to the W12Â’s 626, but it also has to contend with 200 fewer pounds. Combined with cylinder deactivation, the V8 manages a 16% improvement in fuel economy, eking out 15 mpg in the city, 20 on the highway and 17 combined. The base V8 model also lacks the W12Â’s standard all-wheel steering and electronically controlled anti-roll bars, but those are still available if youÂ’re willing to cough up some extra cash, and relatively little of it, all things considered.