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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.

Mini John Cooper Works Countryman revealed with more power

While we got a first look at the new generation Mini John Cooper Works Countryman a couple of months ago, the official reveal came Wednesday night. The sportiest version of Mini's small SUV combines more aggressive styling with the most powerful engine Mini has offered so far. The powertrain itself is fairly familiar as a turbocharged 2.0-liter four-cylinder paired with an eight-speed automatic transmission and all-wheel drive. But power has increased from 301 to 312 ponies. Curiously, the horsepower gain seems to have come at the cost of torque, which is down from 331 to 295 pound-feet of torque. Mini didn't provide any dyno charts, so it's unclear if perhaps there's more torque available elsewhere in the powerband. Despite the extra power, the JCW Countryman's 0-62 mph time is 5.4 seconds, half a second behind the outgoing model. Like the past JCW models, the new Countryman also gets upgraded brakes and suspension, as well as an adaptive exhaust system. It's now fitted with wider tires all the way around at 245 mm compared to the old model's 225 mm. So there's potential for this new version to be grippier and better-handling. Granted, we won't know for sure until we're behind the wheel, and hopefully we'll get more details about the braking and chassis changes closer to the on-sale date. Styling has been changed to match the increased performance. The JCW Countryman gets different front and rear bumpers with larger grilles and unique accents. Lighting patterns are tweaked, too, and 19- and 20-inch wheels are available in designs specific to the JCW. Of particular note are the indentations in the hood that suggest intake scoops above the grille. The interior is swathed in red and black accents everywhere, including the recycled polyester textile dashboard covering. And although Mini hasn't gone into detail about features, the JCW is likely packed with goodies including an advanced highway driving assist that can even execute lane changes. For once with a new model reveal, we actually do have pricing, and it's not cheap. The Mini John Cooper Works Countryman will start at $47,895 including destination charge. Production begins this coming March with examples reaching dealers in May. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Top Gear caught filming Best of British near Buckingham Palace

YouTuber and car-fan extraordinaire Shmee probably had very little trouble tracking down the Top Gear film crew recently, as the group was putting together an episode that could accurately be described as "excessive." With its flag-waving (literally) Best of British theme, the TG guys gathered a jaw-dropping array of British cars, and parked them all right in front of Buckingham Palace to make extra sure that the point was driven home.
Top Gear hosts Jeremy Clarkson, Richard Hammond and James May were outfitted with a trio of Jaguar F-Types festooned with gigantic Union Jacks, with which to survey the landscape of British motoring glory. In the video below, you'll see that this includes any number of Mini, Aston Martin, Lotus, McLaren, Land Rover, Bentley and Rolls-Royce models (just to name a few), as well as a healthy dose of weird stuff that most people would never guess at being built in the UK. The lawnmowers and military vehicles are especially cool.