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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.

Corniche Comeback: New Rolls-Royce coupe spotted testing

It's been over a decade since Rolls-Royce last offered a Corniche, which was the company's name for its unibody coupe and convertible models since the early 1970s. But from the looks of what our photographers recently snapped in Munich, that drought may soon be over.
What they've spied is the 2014 Rolls-Royce Corniche coupe, a forthcoming model based on the Rolls-Royce Ghost. Never mind the fake door handles and rear doors on the test mules, the production Corniche will have just two suicide doors like its big brother the Phantom coupe.
Powertrain will probably be carried over from the Ghost sedan, meaning a 6.6-liter V12. We suspect that BMW will roll out its new Roller at the Frankfurt Motor Show in 2013. Until then, our spies will keep their eyes open for more prototypes, including the oft-rumored convertible.

Stretched Rolls-Royce Cullinan is luxury in excess

If the Cullinan SUV wasn't Rolls-Royce enough for you before, then this stretched version from Klassen should assuage any of those doubts. Listed for $2.08 million, it's a far cry from the Cullinan's base price of $325,000. Klassen makes a number of stretched luxury vehicles, but this is the first time we've seen the Cullinan get modified like so. As a nod to its customer base, possibly, this long SUV is given the company's highest level of ballistic protection — B7. That means the thickness of the ballistic steel is 14.5 millimeters thick at minimum, providing protection from armor-piercing rifles and ammunition. The stretch measures 40 inches in length, which makes the Rolls look considerably larger, but not unwieldy. Occupants will be treated to the highest of luxuries including an iMac multimedia center (yes, an actual Apple desktop computer), Bang and Olufsen sound system and special ambient LED lighting — all of which is controllable via an iPhone. Klassen also says that the passengers can ride privately behind a "luxury partition wall." Looking at the "wall" in its other creations, it appears to create the ultimate in private riding for when you just can't stand to be interrupted by your driver. Unfortunately, we don't have any pictures of the Cullinan's "wall." Its closest competitor is probably the stretched Bentley Bentayga, also made by Klassen. But why go for that when you can have the Rolls SUV instead? Featured video: Featured Gallery Klassen Rolls-Royce Cullinan stretched Auto News Read This Rolls-Royce SUV Luxury