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2017 BMW 3 Series GT update includes two new engines

BMW has treated the hatchback 3 Series Gran Turismo (not to be confused with the hatchback 4 Series Gran Coupe) to some updates for the 2017 model year. The biggest change is the introduction of the company's latest four- and six-cylinder engines, but along with them come some updates to appearance and equipment. Of the 18 powertrains BMW will offer globally in the 2017 3 Series GT, the United States will once again receive only two. Both of the new 3 GT engines come from BMW's latest modular engine architecture, which spits out three-, four-, and six-cylinders. Replacing the previous 328i Gran Turismo is a new 330i, powered by a 2.0-liter turbocharged inline-four good for 252 horsepower (instead of 240) and 258 pound-feet of torque (up modestly from 255). The outgoing 335i is replaced by the new 340i, with a 3.0-liter turbo six rated at 326 hp and 332 lb-ft, up from an even 300 hp and 300 lb-ft for the outgoing 3.0-liter six. Both models come standard with xDrive all-wheel drive and an eight-speed automatic as before. The 340i and its new engine have already made it to the refreshed 3 sedan launched last year, while the 330i and its four-cylinder are not yet part of the sedan or wagon lineup (or the 4 Series, for that matter). We expect the engine and name change to migrate to them in the next year or so. In addition to the engine updates, the 2017 3 GT also receives visual tweaks like those on the 2016 sedan, including new LED headlights, taillights, daytime running lights, and fog lights. Matte chrome exterior trim now comes standard, and there's a new rear bumper design. The interior gets chrome accents and a few other changes that we found helped make the sedan feel a bit more rich, fixing the downmarket feel of the early 3s of this generation. The latest iDrive infotainment, version 5.0, is also included with the navigation option. Buyers will again be able to select from a variety of option bundles including Luxury, M Sport, Lighting, and Cold Weather packages. The car's structure remains unchanged, which means the same hatchback body and longer wheelbase that bridge the gap between the sedan and wagon. It's a style-practicality compromise that continues to be polarizing, but at least the 3 gives you options. Related Video: The new BMW 3 Series Gran Turismo. BMW is preparing to launch the latest BMW 3 Series Gran Turismo in time for the start of summer.

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.

BMW i8 now has 10-month waiting list in UK

Reports that the BMW i8 would be a popular plug-in vehicle have been circulating since stories claiming 'sold out' status circulated late last year. Those turned out not to be entirely true, but now that deliveries have actually started, the $160,000 EV is proving to be only available to the patient in posh English shops. The Telegraph reports that there is a 10-month waiting period for the i8 in the UK, where one dealer (Park Lane in London's Mayfair) has managed to convince 170 people to place an order. Well, maybe convince isn't the right word. The store's sales manager told The Telegraph, "We've had numerous people asking to buy the display car. Many have said to me: name your price." Many locals want the car to avoid paying the expensive London congestion charge. The i8 uses a turbocharged 1.5-liter, three-cylinder engine and a 96-kilowatt electric motor to move from 9 to 60 miles per hour in only 4.2 seconds. The plug-in powertrain is good for 357 horsepower and 420 lb-ft of torque. The plugged portion gives the i8 an EV range of up to 22 miles. The first i8 in the US is going to be auctioned off at the Pebble Beach Concours d'Elegance Weekend next weekend.