2008 Rolls-royce Phantom Drophead Coupe Diamond Black Tan 21 Wheels Camera on 2040-cars

Auto blog

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.

Watch the Rolls-Royce Phantom live reveal

Watch the live reveal of the all-new eighth-generation Rolls-Royce Phantom. For decades, the Phantom has defined what it means to be a luxury car. As with other Phantoms, look for metal, wood, and enough leather to support a small farming operation for years. Rolls-Royce Luxury Videos Sedan rolls-royce phantom

Rolls-Royce rolls out specials at Dubai show

True to style, Rolls-Royce arrived at the Dubai Motor Show this year with some new special-edition wheels. Leading the charge was the Golf Edition of the Ghost. Ordered up specially by the local importer, the Golf edition "takes its inspiration from the fairways to appeal to discerning sportsmen, incorporating design cues and materials that evoke the history of this gentleman's sport." What that translates to in practical terms (as if a Rolls-Royce could ever be considered "practical") is a two-tone paint job of dark green and beige and a three-tone interior treatment of light cream, dark green, and deep red. The cabin is also augmented by the requisite starlight headliner, custom picnic tables, and lambswool floor mats. Tartan-lined door pockets, mahogany and persimmon wood veneers, and other special touches round out the unique treatment aimed at golf enthusiasts. The special Ghost was joined as well by the one-of-a-kind Tiger edition of the Phantom Coupe. This unique take on Goodwood's big two-door boasts a rather unsubtle paint scheme of dark and light orange, complimented by a tiger-motif coachline. Fortunately things are relatively more toned-down inside, with tan and beige leather and a proliferation of custom accents to conjure the large striped feline. The pair follow hot on the heels of the 1001 Nights edition of the Ghost that was introduced in the UAE mere weeks ago. Rolls also took the occasion to showcase the new Dawn convertible and the Wraith Inspired by Music edition at the Dubai show. Both are based on the same architecture, the former with a fabric top and the latter – revealed this past summer – with a fixed roof and trim drawn from the recording industry. Scope out the lineup in the image gallery above and the press release below. Related Video: ROLLS-ROYCE MOTOR CARS REDEFINES SUPER- LUXURY BESPOKE MOTORING AT THE DUBAI INTERNATIONAL MOTOR SHOW Rolls-Royce Motor Cars reaffirmed its mantle as the undisputed pinnacle of Bespoke automotive luxury with the unveiling of Phantom Coupe Tiger, Ghost Golf and Wraith 'Inspired by Music' at the Dubai International Motor Show, on a day that also saw the Rolls-Royce Dawn make its first public appearance in the region.