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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 Aceman debuts at Beijing Auto Show as a little, all-electric crossover

This here is the totally new Mini Aceman, and it’s an all-electric, Mini crossover. Splitting the size difference between the properly mini Mini Cooper and large Mini Countryman, it fills the space previously occupied by the now-discontinued Clubman, but does so without a gasoline-powered option (or cute barn doors in the rear). Before we get ahead of ourselves, though, MiniÂ’s made clear that the Aceman is not yet confirmed for U.S. sales, and the global debut itself just took place at the Beijing Auto Show. So, as of now, this little EV is definitely destined for international markets, but weÂ’ll need to wait and see if Mini sees fit to bring it here.  Two versions will hit the market initially, the Aceman E and the Aceman SE. The base E is fitted with a single electric motor good for 184 horsepower and 214 pound-feet of torque, enough for a 0-62 mph time of 7.9 seconds. It also gets a 42.5-kilowatt-hour battery pack that Mini says gives it a 192-mile range on the optimistic WLTP test cycle – fast charging peaks at 75 kW in this model. Meanwhile, the Aceman SE gets a more potent electric motor good for 218 horsepower and 243 pound-feet of torque, reducing its 0-62 mph time to 7.1 seconds. The SE also gets a larger 54.2 kWh battery pack, increasing range to 252 miles on the WLTP cycle – it charges better than the E, too, peaking at 95 kW. Do note that both versions would cover much less ground on the EPA test, which is a more realistic barometer for real-world driving than the WLTP test. Coming in about 14 inches shorter and three inches narrower than the big Countryman, the Aceman is bound to be a more fun-to-drive and cheaper EV. We donÂ’t know much about its underpinnings now, but Mini says its suspension, steering, powertrain and braking systems are all tuned with fun driving in mind. Its outward appearance isnÂ’t a replica of, but closely follows the design direction proposed by the Aceman Concept back in 2022. Many elements weÂ’ve seen in the new Cooper and Countryman apply here, too, such as the customizable light patterns, flat surfacing and general minimalism to the styling. Wheel options between 17-19 inches will be available, and four different trims with varying styles will be, too. One of those four will be a JCW trim, but itÂ’s not meant to be a performance model, instead sticking to sporty appearance add-ons like a Chili Red roof and hood stripes alongside high-gloss black accents all around the exterior.

Ward's announces 10 Best Engines 2015

Ward's Auto has named its 10 Best Engines for 2015, covering a range of powerplants from fuel-sippers to fire-breathers. As with past years, forced-induction reigns supreme, with seven of the ten engines featuring a turbo or supercharger. This year is slightly different, though, as two of the seven blown engines are turbocharged three-cylinder mills, from the Ford Fiesta and Mini Cooper. They're joined by the 2.0-liter turbo four from the Volvo S60, the 1.8-liter turbo four from the Volkswagen Jetta and the 2.0-liter boxer from the Subaru WRX. BMW and Chrysler were the only marques to be named to this year's list twice, with the electric motor from the i3 joining the Mini's three-pot, and the 3.0-liter turbodiesel V6 in the Ram 1500 and Jeep Grand Cherokee repping the diesel crowd, alongside a certain supercharged monster. Hyundai also took a prize with a zero-emissions powertrain, with the Tucson FCV's 100-kilowatt fuel cell making the list (apparently Ward's is quite generous with what it deems an "engine"). Rounding out the list are two Autoblog favorites, each displacing 6.2 liters, but producing their power very differently. On the one hand, Chevrolet's overhead-valve, 455-horsepower V8, found in the Corvette, makes its power the old fashioned way. And in the other corner, we have one of the most exciting engines of the year – the 707-hp, 6.2-liter, supercharged Hellcat V8, featured so prominently in the Dodge Challenger and Charger SRT Hellcat. "We spend a lot of time reading the powertrain tea leaves throughout the auto industry, and we're proud that this year's list is a microcosm of all the latest innovation coming from automakers," said Ward's Editor-in-Chief Drew Winter in a statement. "It's not just a list for enthusiasts or for environmentalists," he says. "There's something for every vehicle shopper and every budget. All the powertrains on this list deliver a first-rate driving experience," Winter added. Scroll down for the full list from Ward's, and let us know which engines you think belong and which should have been included in this year's rankings. Ward's 10 Best Engines of 2015 Announced by Penton's WardsAuto Honorees span most diverse and technically advanced engines in 21 years of recognized powertrain excellence SOUTHFIELD, Mich., Dec. 10, 2014 /PRNewswire/ -- Penton's Wards 10 Best Engines of 2015 have been announced.