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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.

Next-generation Mini Cooper electric car caught in spy photos

Though the current generation of Mini Hardtop just got a refresh, it seems a new generation is around the corner. That new model appears in the spy photos above, and in electric form no less. At first glance, it doesn't look very different, but there are many small changes that add up to make it distinctly its own. At the front, the headlights appear to be more circular than the slightly ovoid units of the current model. They look as though they wrap a little more around the fenders, too. The grille appears to be enlarged a bit to match the bigger headlights, and the changes give the car even more of a cute, wide-eyed appearance than before. Other interesting things to note are that the hood scoop may be going away, as the one on this car is a fake. The hood cut lines also seem to go through to the wheel arches. Other subtle changes are revealed in profile. The front overhang looks slightly reduced, and the windshield looks more raked. Part of that appears to be because of the base being moved slightly forward. Not only has the windshield become more raked, so has the rear window. It's hidden by the newly added aerodynamic fairings below the rear spoiler. Finally, we can see the chrome, refrigerator-style door grab handles are gone in favor of more flush-fitting handles, and the charging door has changed sides to the left of the car. The back doesn't reveal much unusual, but the taillights have more square-like proportions, and they seem to fit more flushly to the body. There also appear to be some cut lines through the taillight area, so there may be more going on under the camouflage than we can see right now. We also get a small glimpse of the interior. It looks like there's a wide screen across much of the dash. It's in keeping with current car design trends, but is a major departure from the retro-inspired design of past Minis. The prototype we see here looks pretty far along in development. With that in mind, along with recent reports, the new model may be launched in 2023. It will likely be accompanied by gas-powered versions, since 2025 is the cut-off date for the last new gas-powered Mini option, and 2030 is the point where the brand will be fully electric. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Meet the Mini Urbanaut concept: an autonomous Mini minivan

If car designers are to be believed, the future of fully-autonomous electric vehicles is the box. Whether it's squared-off or rounded, it seems many autonomous concept vehicles are vans meant to efficiently carry people and stuff, or be a new living space. And that's the case with the Mini Urbanaut concept, just on a smaller scale. The Urbanaut measures in at 14.6 feet long, which is a little more than 2 feet shorter than a Toyota Sienna. But if it were put into production, it would be the biggest Mini on sale at roughly half a foot longer than the Countryman, and easily as tall if not taller (Mini didn't provide an exact height). It takes the one-box shape close to its extremes, similar to a VW Bus, which itself is seeing an electric revival. At the front, an aluminum grille inspired by the current Mini grille hides LED lights for illumination and communication, and taillights get similar aluminum coverings. The wheels are translucent and illuminated. There are cutouts that are inspired by the Union Jack flag. The Urbanaut features two particularly unusual design choices, though. The first is that it has a single sliding door for interior access. The second is that one of the C-pillars is actually a sort of display case that can store a variety of souvenirs or other trinkets. Isn't that cute? The interior has seating for four, with a rear bench and conventional bucket seat at the front for the driver next to a sort of jump seat. The driver seat can swivel to face the front for manual driving, or to face the middle for parked or autonomous modes. In between the rows of seats is a table with a decorative plant as well as the main instrument display and infotainment interface. The screen is round, a callback to old Mini instruments and the current cars' center infotainment binnacle. The idea is that the Urbanaut would primarily be used in autonomous or parked modes with occupants facing toward the middle. There is, however, a secondary display that activates at the front when the car is in manual driving mode. The interior has a number of nifty party tricks. There's a ceiling section above the rear seats called the "Loop" that has animated illumination behind a fabric covering. The dashboard lowers at the front in the stationary mode to create a daybed. The windshield can open up, too, when parked. Different vehicle modes are accessed by placing the key fob, called the "Mini Token," in the corresponding slot.