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More than 30 vintage Jaguars found, forgotten for decades in a greenhouse

A long, long time ago, some unnamed person realized that storing motorized precious metals in a barn would eventually be passe. This visionary hoarder decided, instead, to collect an assemblage of more than 30 vintage Jaguars in a greenhouse in Beaulieu, England. To passers-by, it would look like someone was tending a crop of blue tarps. To us, thanks to Beaulieu Garage, it looks not like a barn find but rather the first "greenhouse find." The classic car restoration shop wrote in a Facebook post, "we were asked to help clear a private collection of cars," and when Beaulieu Garage saw the array, "An offer was made," and now it has a whole lot of rusted metal looking for good homes. It took a week to get everything out, and the shop said the "parts alone have taken up 12 storage racks, with engines and gearboxes included." While a barn isn't the best place to park a car for decades, a greenhouse is arguably worse. The glass house is a combination of maximum UV levels and rain forest humidity, the ambient moisture free to rust and rot everything the sun can't kill. And early Jaguars aren't known for robust defenses against the elements. Most of the cars are E-Types, many of those the early and more elegant 1960s models. Among the trove are some cars that "you could probably get running in a couple of days," but the photos show there are plenty of long-term projects that rate effort comparable to The Pacific Campaign. Incredibly, Beaulieu Garage is confident that "All will see the road again," assuming the worst problem children can find empathetic buyers. The first salable car has been listed, a left-hand drive, 1960 XK150 3.8-Liter Drophead Coupe with matching numbers that was originally sent to New York. This is said to be the last XK150 the factory painted a cream color, and the fourth-last XK150 ever built. Scraps of the red leather interior remain, the sand colored top looks to be in the same condition. After eight years in the greenhouse, Beaulieu Garage charmingly describes the XK's previous digs as "Dry Stored in the UK." The convertible comes with a heritage certificate, and will cost GBP40,000 ($52,654 U.S.) to trailer home. A Facebook post from today says the shop will get parts lists and pricing up shortly, so stay tuned if you have a lot of time and money you need to find occupations for.

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.

The mood at this year’s Paris Motor Show: Quiet

The Paris Motor Show, held every other year in the early fall, typically kicks off the annual cavalcade of automotive conclaves, one that traverses the globe between autumn and spring, introducing projective, conceptual and production-ready vehicle models to the international automotive press, automotive aficionados and a public hungry for news of our increasingly futuristic mobility enterprise. But this year, at the press preview days for the show, the grounds of the Porte de Versailles convention center felt a bit more sparsely populated than usual. This was not simply a subjective sensation, or one influenced by the center's atypically dispersed assemblage of seven discrete buildings, which tends to spread out the cars and the crowds. There were not only fewer new vehicles being premiered in Paris this year, there were fewer manufacturers there to display them. Major mainstream European OEM stalwarts such as Alfa Romeo, Fiat, Nissan and Volkswagen chose to sit out Paris this year, as did boutique manufacturers like Bentley, Aston Martin and Lamborghini. This is not simply based in some antipathy on the part of the German, British and Italian manufacturers toward the French market — though for a variety of historical and societal reasons that market may be more dominated by vehicles produced domestically than others. Rather, it is part of a larger trend in the industry. Last year, Mercedes-Benz announced that it would not be participating in the flagship North American International Auto Show in 2019 — and that it might not return. Other brands including Jaguar/Land Rover, Audi, Porsche, Mazda and nearly every exotic carmaker have also departed the Detroit show. Some of these brands will still appear in the city in which the show is taking place, and host an event offsite, to capitalize on the presence of a large number of reporters in attendance. And even brands that do have a presence at the show have shifted their vehicle introductions to the days before the official press opening in an attempt to stand out from the crowd. In many ways, this makes sense. With an expanding number of automakers, with diversification and niche-ification of models and with wholesale shifts that necessitate the introduction of EV or autonomous sub-brands, there is a growing sense that, with everyone shouting at the same time, no one can be heard.