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BMW M760i all dressed up for hundredth birthday festivities

BMW is the latest automaker to be celebrating its 100th anniversary this year. So to mark the occasion, the Bavarian automaker is rolling out a special anniversary edition of its flagship 7 Series sedan. Somewhat awkwardly labeled as the BMW Individual 7 Series THE NEXT 100 YEARS, the celebratory edition features a number of special touches to set it apart. The bodywork is painstakingly painted in a unique shade of Centennial Blue metallic, with two-tone 20-inch wheels and handcrafted emblems. The interior meanwhile is highlighted by off-white, fine-grain leather – quilted and trimmed with hand-woven piping – with matching Alcantara headliner and piano-black trim. Of course there are the requisite special badges inside and out, and each sedan comes with a specially made Montblanc fountain pen. Only 100 examples will be made for distribution worldwide, with three different engine options depending on the market. The US market will only get five examples based on the recently revealed M760i xDrive performance model, complete with 6.6-liter twin-turbo V12 driving 610 horsepower to all four wheels. As a special version of Munich's top-of-the-line luxury sedan, pricing will surely fall within "if you have to ask" territory, so we'll just wish BMW a happy birthday and rest assured that each of the hundred individually numbered examples will find a good home. The BMW 7 Series centennial models "BMW Individual 7 Series THE NEXT 100 YEARS". Woodcliff Lake, NJ – April 19, 2016...Today BMW announced the "BMW Individual 7 Series THE NEXT 100 YEARS" models to mark the company's centenary, representing the historically evolved technological competence of the world's leading manufacturer of premium automobiles and emphasize the exclusivity with which both luxury and innovation are expressed. The BMW 7 Series centennial models are being produced in a limited quantity with only 100 units available worldwide with three different engine variants. The US market will receive 5 units and it will be exclusively available as the "BMW Individual M760i xDrive Model V12 Excellence THE NEXT 100 YEARS" centennial model, featuring a 12-cylinder engine producing 610 hp (preliminary) and a unique combination of state-of-the-art comfort, luxury and dynamic agility. This centennial model will be available by the end of 2016.

Next BMW X1 caught on flatbed

The X1 had been around for four years before it was added to BMW's US lineup, so it isn't all that surprising that a new version of the company's smallest Sport Activity Vehicle is already in the works. Captured in transit on the back of a flatbed truck, these spy shots give us our first look at the next-gen X1 - codenamed F48 - which is expected to debut around 2015.
While the camouflage does a good job of obscuring most of the styling elements, we definitely see evidence of the X1's new platform. Elements like the loss of the long nose and a noticeably shrunken dash-axle gap (just compare this spy shot picture to this one from our X1 review), are good indicators that the next X1 will move to the new front-wheel-drive platform BMW is using for the new Mini and 1 Series GT. Aside from this, the overall shape is very similar to the current design, but we're sure it will pull many cues from the updated range of BMW products.

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.