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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.

Florida bikers threatened at gunpoint for beating motorist

A road rage incident in Pinellas County, FL spiraled out of control when a motorist confronted a trio of aggressive bikers at a stop light. According to The Sun, YouTube user known only as DankWheelie posted video on April 8 of a fistfight between a driver and a pack of sportbike riders on a busy Florida highway which ended abruptly when one of the participants pulled a pistol. There is precious little context for the video, which became a near instant viral sensation this week. Little is known about either the motorist or the bikers. The video starts with the bikers riding along an oceanside highway, when a red, older model BMW 5 Series gets into some confused lane changing shenanigans with them on a bridge. At a stop light after the bridge, the bikers and the driver of the BMW get into a fist fight in traffic, which does none of them credit. The bikers knock the driver to the ground and surround him, when a woman passenger in the BMW pops out with a pistol drawn and brandishes the weapon at the bikers. At this point the bikers all attempt to flee and the video ends. While there seems to be no police report filed, a local police official familiar with the incident made a statement to The Sun. "After the first incident, that's when you get on the phone," said Sergeant Mike Lynch, suggesting that all parties involved could have made better decisions. "That's when you call 9-1-1." "We're looking at a woman who looks terrified for either a friend that was in the vehicle or a spouse of some sort maybe," Lynch continued. "We encourage the public to call about that type of reckless driving. It endangers all of us on the road, not just their own lives but everybody else that's out there." Related Video News Source: YouTube, The Sun Weird Car News BMW Driving Safety Motorcycle Videos Sedan road rage biker

Electrified BMW X1 spotted testing

So here's something interesting. This might look like an ordinary BMW X1, but take a closer glance - those stickers on the side read "hybrid test vehicle," and around back, there doesn't appear to be a tailpipe at all. But does this mean that BMW is working on a straight-up all-electric version of its smallest crossover? Let's hypothesize for a moment.
Just because we can't see a tailpipe in these photographs doesn't mean there isn't one somewhere under there. And while those hybrid stickers are an indication that there's some sort of electrification going on underhood, it could just be for a forthcoming gasoline-electric version of the X1. Lexus recently confirmed it would be bringing a small hybrid CUV to market that will compete in the X1's space, so perhaps BMW is working on another powertrain option to offer when its littlest crossover gets refreshed.
Also consider that Toyota collaborated with Tesla to bring back the RAV4 EV, which would sort of compete with the X1, so it also stands to reason that perhaps this is an early test mule for a larger all-electric vehicle in the upcoming, eco-minded BMW i range. Our spies seem pretty confident that the prototype seen here is indeed an all-out EV, but we just can't say with certainty without more evidence.