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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.

2020 Bentley Bentayga Hybrid is less efficient on the highway than V8 version

Official EPA fuel-economy ratings are out for the 2020 Bentley Bentayga Hybrid, the luxury brand’s first electrified offering, and they donÂ’t exactly bathe the crossover in a green light. As spotted by Green Car Reports, the plug-in performs worse on the highway than its V8-powered combustion sibling. The EPA rated the Bentayga Hybrid as delivering 18 miles in all-electric range, which is two miles more than Bentley previously touted, and a combined 19 miles per gallon in hybrid mode, which is indeed the most efficient of the three Bentayga versions offered. ItÂ’s rated at 17 mpg city and 21 on the highway. By contrast, the 4.0-liter twin-turbo V8 version of the luxury crossover offers just 17 mpg combined, yet it delivers 23 mpg on the highway. Its overall EPA-rated highway range also beats the Hybrid, at 518 miles to 430 miles on a full charge and tank. The Bentayga Hybrid combines a turbocharged 3.0-liter V6 and a 94 kilowatt electric motor that also functions as a generator. The system combines for 443 horsepower and 516 pound-feet of torque, with a 5.2-second 0-60 mph time. It sends that through an eight-speed automatic transmission driving all four wheels. Curb weight is a hefty 5,709 pounds. Base price starts at $160,000. The V8, by comparison makes 542 hp, nearly 100 more ponies, and 568 lb-ft, with a 0-60 mph of 4.4 seconds. It will set you back $171,025. At any rate, both versions are well below the 27 combined mpg of the average 2020 vehicle, according to the EPA. The HybridÂ’s fuel economy ratings suggest that buyers may be motivated less by concerns about carbon footprint than conveying the appearance of having those concerns. Bentley has said its first full electric vehicle will be a dedicated model that will arrive in 2025 at the earliest, and possibly with a solid-state battery pack. Related Video:

Bentley debating production of either Speed 6 or smaller SUV

A fifth model is coming to the Bentley range, and after the EXP10 Speed 6 concept dropped jaws and a whole lot more at this year's Geneva Motor Show, observers expected the luscious green coupe to get the go-ahead. Yet, since January, Bentley has publicly mulled a new SUV smaller than the coming Bentayga that would "to attract more women and younger buyers to the brand." Now, the firm's marketing director is in the midst of a global research to work up a business case for each model that will decide the matter. The growth of the SUV market and the success of more affordable models forces Bentley to consider the potential money stacks provided by an even more price-friendly entry. The SUV is helped by the fact that it could be built on the same MSB platform that would support a production version of the EXP10 Speed 6. It looks like this is another cage match between heart and incontrovertible business case, yet a nod to the SUV wouldn't necessarily kill the Speed 6, only delay it. The investment for a fifth model begins after the Bentayga goes on sale at the end of this year, with 2020 or 2021 suggested as the production date for whichever new model comes next. There's no reason the Speed 6 couldn't come after that, even though we - and a bunch of potential customers - know the model we'd choose to build right now. According to Autocar, it might take up to two years for a decision. And either model will be draining enough of the company's time, talent, and resources as to mitigate a super-high-performance Continental variant, as we reported earlier. Related Video: Featured Gallery Bentley EXP 10 Speed 6 Concept: Geneva 2015 View 9 Photos News Source: AutocarImage Credit: Drew Phillips / AOL Bentley Coupe Crossover SUV Concept Cars Luxury Performance bentley bentayga bentley exp 10 speed 6