2006 Hatchback Sport 6 Speed Manual Silver/grey Leather 2 Moonroofs Heated Seats 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.

Mini celebrates 20 years in the U.S. with a special edition

Mini has been around for several decades, but its return to the U.S. was much more recent. The automaker is celebrating its 20th anniversary here, and to commemorate the occasion, it’s releasing the Mini 20 Years Edition based on the four-door 2023 Mini Cooper S Hardtop. Mini will offer the car in Chili Red, Pepper White, and Island Blue as a nod to both AmericaÂ’s and BritainÂ’s patriotic colors. Other exclusive accents include a silver roof, a red-white-and-blue hood and door stripes and unique 17-inch wheels. The MiniÂ’s cabin comes wrapped in black synthetic leather and features 20 Years badges throughout. A Nappa leather-wrapped steering wheel, heated seats and dual-zone climate controls are also standard. All 20 Years models get navigation with real-time traffic info, Apple CarPlay, Bluetooth, and a digital gauge cluster. The Cooper SÂ’ powertrain remains in place, which includes a turbocharged 2.0-liter four-cylinder engine making 189 horsepower and 207 pound-feet of torque. ItÂ’s paired with a seven-speed dual-clutch transmission, and Mini offers upgraded suspension for $500. If youÂ’re interested in a piece of MiniÂ’s U.S. history, the cars entered production in July and are due on dealersÂ’ lots this month. Pricing starts at $37,165. Related Video:   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Mini John Cooper Works Concept heading wide-eyed into production

We now know that Mini will offer a stupendous number of total models over the next few years, so it's fair to assume that most of the brand's concept cars have series production written all over them. So, a 'concept' like this new John Cooper Works Mini is more or less a mortal lock to hit showrooms in very similar trim.
That's probably a good thing for future JCW owners, as this Mini looks decidedly better than the standard car that debuted in Los Angeles late last year. Something about the bigger grille, lowered front fascia and pumped up wheel arches make the car more visually compelling than the weird-nosed 2014 Mini Hardtop. (At least to this author.)
By hey, don't take our word for it - with the official press release down below, and our box-fresh gallery of live images up above, you can make up your minds for yourselves. Tell us what you think in the Comments.