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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.

Rolls-Royce Spectre EV spy photos show us the interior

Rolls-Royce has been testing its upcoming Spectre electric luxury coupe for a while now, and it's been wearing a camouflage wrap covered in marketing phrases. In both traditional spy photos and in manufacturer-provided ones, we've had a decent preview of the car. Now we finally get a look inside thanks to one of our spy photographers.  While some automakers have taken the opportunity to try bold new interior designs with their electric cars, Rolls-Royce seems to be staying the.course with the Spectre. The design is very traditional, with a tall, wide dashboard that doesn't stick out far from the windshield. The vents and controls look just like the ones in the current Phantom sedan. The steering wheel is very similar, but the upper spokes are now closer to 9 and 3. Perhaps Rolls-Royce designers felt it looked a little sportier. It does still have a column shifter, even as an electric car. The instrument cluster appears to be fully digital, though, which is one of the few less traditional aspects of the cabin. The Spectre will be built on the current Rolls-Royce architecture, which underpins all of the brand's models. It features loads of aluminum and will be the most aerodynamic Rolls-Royce yet with a coefficient of drag of 0.25. But specs such as power and range remain a secret. We should know more as we approach the car's launch date of late 2023. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Rolls-Royce Digital Dawn Launch | Autoblog Minute

Rolls-Royce unveils its newest vehicle in grand modern fashion.he four seater was revealed with a multi-platform global digital event. The British automaker originally teased Dawn using social media, with the grand reveal coming via a live web feed. Rolls-Royce Autoblog Minute Videos Original Video rolls-royce dawn