2005 - Bentley Continental Gt on 2040-cars

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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 Continental GT3 grows wings to conquer the Pikes Peak Hill Climb

Apparently, this is a Bentley. That may not be obvious at first glance on account of the … everything, but this winged beast does have a Bentley logo on it. You see, Bentley is headed on back to Pikes Peak for a third (and final) time. The companyÂ’s first two visits saw the production SUV record achieved with the Bentayga W12 and the outright production car record taken with the Continental GT. This time, Bentley is targeting the “Time Attack 1” record, and the Continental GT3 Pikes Peak is its steed of choice. Leading the car's superlative features is what Bentley claims to be “the biggest rear wing ever fitted to a Bentley.” We heartily approve. The aerodynamic package is fully in vogue with other cars built specifically for Pikes Peak. Maximum downforce is generated with the huge wing, a gigantic diffuser, two-plane splitter and aggressive dive planes. ItÂ’s more track rat than elegant race car with the numerous scoops and venting throughout. The exhaust cutouts just aft of the front wheels complete the hooligan package. This Continental may have Bentley lights on it, but the similarities between it and the road car donÂ’t go much further. Details about the engine are limited, but Bentley says itÂ’s a 4.0-liter turbocharged V8 racing engine, not a production V8 or W12. Modifications were made to make it more powerful for this Pikes Peak run, but Bentley also made adjustments for the fuel it will be running in the car. Instead of running this Continental on race fuel, itÂ’s going to be using biofuel-based gasoline. WeÂ’ve heard Porsche make waves about the potential of greener biofuels helping to drastically reduce emissions, and now Bentley is making some noise about the tech, too. In coordination with Porsche (all in the same VW Group house), Bentley is researching how it could use biofuels and “e-fuels” to potentially power both past and future Bentley cars. As of today, Bentley is saying that using these fuels could result in greenhouse gas emissions reductions of up to 85%. Put simply, thatÂ’s huge, if it can be made to work at a large scale. Bentley expressly states that this research into biofuels doesnÂ’t affect its plan to become an electric-only automaker by 2030. Instead, Bentley sees it as a way to allow the brandÂ’s past and current gasoline-powered vehicles to be driven far into the future — just over 80% of all Bentleys ever built are still on the road, according to BentleyÂ’s internal tracking.

Volkswagen might cut 40 models across brands to save cash

Volkswagen once set out to pass Toyota and General Motors and become the largest automaker in the world. Following months of fallout from the diesel emissions scandal, the manufacturer is rumored to be dropping around 40 models from its company-wide lineup. According to German business and finance publication Handelsblatt, the Volkswagen Group is looking to slim down and remove a number of low-volume vehicles from various lineups. The company currently sells around 340 models across brands that include Audi, Lamborghini, and Bentley. Volkswagen is refusing to comment, but Handelsblatt claims to have sources within the company. Last week, Volkswagen Group CEO Matthias Muller announced a new strategy for the company that includes a major focus on electric vehicles and new technology services. During his announcement, Muller said the company would be cutting a number of models, but at the time no numbers, models, or brands were discussed. Despite comments to the contrary, rumors have persisted since late last year that Volkswagen was looking to sell commercial truck and bus manufacturer MAN. Volkswagen owns truck and bus manufacturer Scania, so even if it dropped MAN, the company would still have a foothold within the bus and truck market. There is also talk of the company selling Italian motorcycle manufacturer Ducati, which Volkswagen acquired via Audi in 2012. The company's image has taken a huge hit in the wake of the diesel scandal. Volkswagen has set aside cash in order to pay fines and may be looking to sell these several subsidiaries and cut low-volume models in order offset the costs. Despite the scandal, the company led worldwide sales in the first quarter of 2016. The same was true in 2015, but sales tanked at the end of the year following the diesel revelations. Related Video: Rumormill Audi Bentley Volkswagen Ducati