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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.

Rolls-Royce commissions a Faberge egg

What you see above, is probably the equivalent of the movie The Avengers, but for the ultra-filthy-rich. It's the ultimate crossover of luxury brands, Rolls-Royce, and the famed jewelry company Faberge. It's a special egg made by the jeweler that's themed around the luxury car builder. And naturally, it's an "Imperial Class" egg. This means it's similar in size, complexity and quality to the original 50 made for the Russian royal family, the very ones that helped make Faberge so famous. It's also only the second to be commissioned, since. The other was commissioned by a Middle Eastern jewelry group. The egg is quite modern and simple in design. It stands about 6 inches tall, and it weighs nearly a pound. A rock crystal Spirit of Ecstasy sits in the middle, surrounded by arcing arms. Each arm is made of rose gold with 390 carats of amethyst and 10 carats of white diamonds. The whole egg sits on a machine-turned white gold base with a purple enamel coat. Like many Faberge eggs, this has mechanical workings. Pressing a lever causes the many arms to descend, making the Spirit of Ecstasy visible. The egg will be on display at Faberge's London store this December for the public to see. After that, Rolls-Royce says it will be heading for the home of a private collector of both Rolls-Royce and Faberge creations. Related Video: Featured Gallery Rolls-Royce Faberge Egg News Source: Rolls-Royce, The Daily Mail Design/Style Rolls-Royce Luxury

Rolls-Royce seriously considering SUV

A Rolls-Royce Phantom may be the size of an SUV, and the Ghost isn't that much smaller. Still, according to reports, the high-end British automaker is seriously evaluating the prospect of adding a proper sport-ute or crossover to its lineup.
The news comes courtesy of Bloomberg, which spoke to Rolls-Royce chief executive Torsten Müller-Ötvös at the Frankfurt Motor Show last week. Although the rumor of a potential Rolls off-roader has been floating around for several months now, this is the first we've seen of the company confirming the possibility.
The development would follow similar projects being undertaken by rival automakers. Former sister-brand Bentley is preparing to launch an SUV, Jaguar revealed its own concept crossover at the same show, Maserati is gearing up to start production of the Levante and even Aston Martin has considered the idea of a crossover.