1997 Bmw Z3 Roadster Convertible 2-door 1.9l on 2040-cars

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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.

2015 BMW i8 Beauty-Roll

For those of you paying attention, we've really ramped up the old Autoblog video game these days. Our new series Car Club USA joins Translogic and The List, and there are more Daily Drivers and Short Cuts than ever. But sometimes, all you care about is the car. The Autoblog Beauty-Roll video series has one goal: bring you glossy video images of cars, and nothing but. We're collecting moving pictures of all the cars we test, inside and out. Each episode comes with a hit of engine sound – start-up and with a few revs – to round out the package. Set your resolution to max, kick it into full-screen, turn up the sound, and enjoy today's subject, the 2015 BMW i8. Oh, and if you'd like more Beauty-Roll, click here to see the back catalog.

BMW gets exemption to allow self-parking 7 Series in US [w/video]

The US-spec 2016 BMW 7 Series is gorged with enough technology for it to qualify as a finalist in our Technology of the Year award. But not all of the tricky bits found on the European-spec car are offered Stateside, like the automated Park Assistant Plus that lets a driver remotely move the car into and out of a parking space using the touchscreen keyfob. The reason is Section S5.3 of Standard No. 114 of the Federal Motor Vehicle Safety Standards, which dictates that "the service brake... be depressed before the transmission can be shifted out of park.'" Since Park Assistant Plus is remote controlled, the brake pedal isn't pressed when the car shifts from Park into a gear. Automobile reports that the National Highway Traffic Safety Administration has conceded the law is too vague, and granted BMW's request for an exemption to bring the convenience feature to the US. NHTSA said that the point of the law was to have brake actuation during the transition from Park to a forward or reverse gear, not to insist that someone actually presses the brake pedal. BMW said it plans to bring Park Assistant Plus to the US soon, but the carmaker doesn't yet have a firm timeline for the move. To us that seems like a small yet significant victory as the marketplace fills up with cars that have abilities beyond the current laws to manage. Now if we could just get that whole FMVSS headlight issues worked out and enjoy some of that tasty Matrix and MultiBeam lighting. You can watch a video of the BMW system in action in the video below.