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BMW showing all eight of its 'hommage' vehicles at Villa d'Este

BMW is paying a tribute of sorts to its tribute vehicles by bringing together all eight "hommage" concept vehicles for the first time. BMW will exhibit its hommage cars and bikes at the Concorso d'Eleganza Villa d'Este, which takes place near Italy's Lake Como this weekend. The vehicles will be shown off in the Padiglione Centrale at Villa Erba as part of BMW's "The Next 100 Years" campaign. BMW's first tribute vehicle was 1997's MINI ACV (Anniversary Concept Vehicle) 30, a two-seat, mid-engined, right-hand-drive car that the automaker produced to pay tribute to the UK brand's past while hinting at what BMW would subsequently do with the iconic badge. The automaker followed with its BMW Concept Coupe Mille Miglia in 2006, and then officially started grouping the concept cars in 2008 under the hommage designation with the introduction of the BMW M1 Hommage. That car marked the 30th anniversary of the original BMW M1. View 17 Photos Since then, there have been the BMW 328 Hommage (2011), the BMW Concept Ninety motorcycle (2013), and the BMW 3.0 CSL Hommage (2015). In addition to paying tribute to the iconic 1970s-era coupe, last year's concept car showed off advances the company has made in its light-weighting efforts. This year, BMW is adding the BMW 2002 and BMW Motorrad R 5 Hommage to the party. The Concorso d'Eleganza Villa d'Este also features about 50 historic cars built between the 1920s and 1980s. For more information from BMW, take a look at the press release below. Tradition as inspiration. The BMW Group's Hommage vehicles come together for the first time at the Concorso d'Eleganza Villa d'Este 2016. Munich/Cernobbio. With BMW's centenary headline "The Next 100 Years" in mind, the BMW Group is bringing together, for the first time, the full line-up of Hommage vehicles unveiled over recent years. They will be joined on display at a special exhibition titled "Hommage and Concept Vehicles" in the Padiglione Centrale at Villa Erba by the models from the past that inspired them. Munich/Cernobbio. With BMW's centenary headline "The Next 100 Years" in mind, the BMW Group is bringing together, for the first time, the full line-up of Hommage vehicles unveiled over recent years. They will be joined on display at a special exhibition titled "Hommage and Concept Vehicles" in the Padiglione Centrale at Villa Erba by the models from the past that inspired them.

The BMW M760i xDrive isn't as cool as the Alpina B7

Earlier this week, BMW released what we assumed was the new pinnacle of the 7 Series range: the Alpina B7 xDrive. But then we received information about the car you see here, which still isn't a full M7, but uses the name M760i xDrive. What we're trying to figure out is, why would you get the M760i over the brand-new Alpina? Mechanically, and as far as we can tell, the only real difference between the two cars is under the hood. The M760i uses a twin-turbo 6.6-liter V12 capable of an estimated 600 horsepower at 5,500 rpm and 590 pound-feet of torque at 1,500 rpm. Thing is, the Alpina B7 also makes 600 hp and 590 lb-ft, albeit at higher points in the rev range, from a twin-turbo 4.4-liter V8. Both cars use all-wheel drive. Both cars have eight-speed automatic transmissions. But while the M760i does the 0-62 run in 3.9 seconds and tops out at an electronically limited 155 miles per hour, the Alpina does 0-60 in 3.6 seconds and runs to an unrestricted 193 mph. For all intents and purposes, the little details about interior refinement and technology are basically the same. It's a top-of-the-line 7 Series, so no matter if you're doing Alpina or M760i, you're getting the best of the best. To us, though, the Alpina represents a package that's more unique. It's certainly a bit flashier, what with its Alpina-correct 21-inch wheels, blue paint, and body kit. But put the two cars next to each other on the street and ask an unknowing pedestrian which one is top dog, and we're willing to bet they'll say Alpina every time. There's no word on pricing for either version of the 7 Series, but we expect they'll be close. The M760's engine will be more expensive, but all those Alpina upgrades certainly won't come cheap. We'll know more closer to the launch of both later this year and in early 2017. For now, read more about the M760i in the press blast below. Related Video: The All-New 2017 BMW M760i xDrive. - Superb performance and exceptional luxury combined. - The allure of the most powerful BMW V12 production engine. - First BMW 7 Series M Performance Automobile. Today, BMW announced the all-new BMW M760i xDrive, the latest addition to the BMW M Performance line-up. With the introduction of the 2017 BMW M760i xDrive, the sixth generation BMW 7 Series adds the first M Performance TwinPower Turbo 12-cylinder to its offerings.

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.