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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.

Jaguar Land Rover reveals EV concepts, details green strategy

While it offers diesel models and even a couple hybrids, Jaguar Land Rover isn't quite as fleshed out on alternative powertrains as its luxurious German rivals. That should change pretty soon. JLR revealed three concepts at the CENEX Low Carbon Vehicle event in Millbrook, England, today. The Concept_e "research demonstrators" all use a new electric drive module, an EV system that the Indian-owned, British-based outfit claims will double the power and torque of today' electric motors. JLR says these modular EDMs can be paired with any of the company's engines or transmissions to create either a mild hybrid, a plug-in hybrid, or a pure EV. So yeah, this is kind of a big deal. Arguably the most exciting offering is a one-of-a-kind research vehicle. Riding on JLR's aluminium aluminum architecture, it ties together two electric motors – an 85-kW unit with a single-speed trans on the front axle and a 145-kW rear motor that's been mated to a two-speed transmission – with a 70-kWh li-ion battery that's mounted in the underbody of the car. There's also the Concept_e MHEV. This is a Range Rover Evoque that's been fitted with a mild hybrid system. Just a refresher, but a mild hybrid is very different than what's found in either a Chevrolet Volt or Toyota Prius, as it uses the electric motor and battery pack to simply assist the internal combustion engine, rather than for an electric driving mode. Reflecting that use, this particular Evoque uses a 15-kilowatt electric motor and a 48-volt, lithium-ion battery pack alongside a 90-metric-horsepower diesel-powered prototype. Finally, we have a Range Rover Sport-based plug-in hybrid. This brute uses a 300-metric-horsepower prototype gas engine and an eight-speed automatic alongside a 150-kilowatt electric motor. Energy is stored in a trunk-mounted, 320-volt, li-ion battery back. Partially funded by the British government, the EDMs are the result of a 16.3-million-pound ($25-million) research-and-development program. They're built in house by JLR, but were developed alongside 12 partners. While these concepts are exciting, don't get your hopes up to see a plug-in Jaguar XF or an all-electric Discovery Sport in your local dealer any time soon. "This is a long-term Jaguar Land Rover research project exploring all aspects of future hybrid and battery electric vehicle technology," JLR research and design boss Dr. Wolfgang Epple said in the attached statement.

The Jaguar XJR-15 is a 215 mph, barely-legal road car that's for sale

The late 1980s and early 1990s were awash with supercars from automakers across the globe. Classic Driver in the UK is selling one of the rarest of all of these supercars, the road-going racecar that is the Jaguar XJR-15. The XJR-15 is the lesser known sibling of the Jaguar XJ220. Only 27 were ever built. The XJ220 may not have received the same recognition and reverence as the Ferrari F40, the Porsche 959, and the McLaren F1, but for a time it held the record for the fastest road-going automobile, 217.1 mph. All of the XJ220's engineering and prowess is owed to the development of the XJR-15, which in turn owes everything to driver Tom Walkinshaw and his experience in touring and Le Mans racecars. Unlike the twin-turbocharged XJ220, the XJR-15 features a big, naturally-aspirated V12 that turned out 450 horsepower and 420 lb-ft of torque when new. The engine has a dry sump oil system, a Cosworth forged crankshaft, connecting rods, aluminum pistons, and fuel delivery from a Zytec electronically controlled sequential fuel injection system. The engine is mated to a five-speed transaxle from Tom Walkinshaw Racing, while the suspension - fabricated wishbones and horizontal pushrod-spring dampers at the front and coil springs at the rear - is pulled straight from the XJR-9 racecar. At the time, the car was capable of hitting 60 mph in under four seconds and topped out at 215 mph, just shy of the mark later set by the Jaguar XJ220. The XJR-15 was also the first road car to make extensive use of carbon fiber. In fact, at 2,315 lbs, the car's listed weight is less than that of a new ND Mazda Miata. The body was designed by future McLaren F1 engineer Peter Stevens. While the McLaren and Porsche were more complete and well rounded machines, the XJR-15 was a bare bones, uncompromised track machine. The interior was barely more than a carbon tub fitted with a pair of one-piece seats. The car in this listing is chassis number 21 and only has 1,400 miles on the odometer. Some minor modifications to the hinges allow the hood and engine cover to be quickly and easily opened. The car is listed for GBP450,000, or about $560,000. Not cheap, but what rare, early 1990s supercar is? Related Video: News Source: Classic Driver via Car Buzz Jaguar Coupe Performance ferrari f40 jaguar xj220