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BMW's new strategy: Electric everything

Mercedes isn't the only car maker determined to beat Tesla before it gets huge. Sources speaking to German business daily Handelsblatt claim that BMW is in the midst of planning an executive shuffle that will also include a big shift in its electric vehicle strategy. While the company would still offer ground-up EV designs like the i3, the new strategy would greenlight electric versions of some of BMW's most important vehicles, including the 3-series sedan, X4 crossover, and iconic Mini. If the leak is accurate, management is likely to approve the change at the end of September. We've asked BMW for its take on the report, although it declined to comment to Handelsblatt. It wouldn't be shocking to see the Munich crew change tack, though. While Tesla has received hundreds of thousands of Model 3 pre-orders, i3 sales dropped in 2016 – the upscale (if oddly-shaped) EV just isn't as hot as it once was. If BMW electrifies some of its most popular cars, you wouldn't have to choose between a super-efficient, eco-friendly EV and the familiar designs of the brand's mainstream driving machines.The story originally appeared on Engadget, your guide to this connected life.Related Video: Featured Gallery Mini Vision Next 100 Concept View 38 Photos Green BMW MINI Electric Hybrid engadget

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.

60 Minis will race in the Silverstone Classic for Mini's 60th anniversary

It was just 60 short years ago when Mini established itself as a manufacturer of small cars as part of the British Motor Corporation. Over the years, the Mini became popular among the British people and beyond, not just as a car but as a cultural icon. To celebrate its 60th anniversary, Mini is taking over Silverstone Circuit in England. The racetrack announced that 60 classic Minis will be racing in the Silverstone Classic outing, July 26-28. Back in May, Silverstone sought pre-1966 Mini Cooper S models to participate, and the APB received an overwhelming response but fell just short of the 60-car goal. But with the help of Motorsport UK, Britain's motorsport regulatory council, Silverstone was able to find two additional Mini Cooper S models to participate. "It only seems right and proper that we mark the Mini's 60th milestone with a 60-car grid, so we are really grateful to those at Motorsport UK and Masters Historic Racing, who are organizing these anniversary races, for securing this special permission," said Nick Wigley, Silverstone Classic's CEO. "As well as being a sixties fashion icon, the Mini's reputation was built on some wonderful motorsport successes, so there could neither be a better, nor more appropriate, way to celebrate its 60th anniversary than with an incredible 60-strong grid at the world's biggest classic motor racing festival." The Mini first received world recognition as champion of the 1964 Monte Carlo Rally with Paddy Hopkirk and co-driver Henry Liddon. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Hopkirk will be present for 60-year Mini tribute and will be reunited with his original winning car, Cooper S #37 with license plate 33 EJB. Hopkirk will lead the Silverstone Classic's Diamond Anniversary track parade with his Cooper S. "I'm really flattered to have been asked to front this fantastic parade," Hopkirk said. "It's great that I'll be back in my old car, and I'm going to be bringing the Monte trophy along, too. It was presented to me by Princess Grace.The Classic is such a brilliant event and, oh my goodness, it will be absolutely amazing to see 60 Minis altogether on the track at the same time." All of the Mini Cooper S models invited are powered by the same race-prepped 1.275-liter inline-four, so it'll be an adorable and exciting race and a pure test of driver skill.