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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.

Rolls-Royce Spectre EV getting a 650-horsepower Black Badge variant?

The electric Rolls-Royce Spectre made its debut earlier in 2023, and the British brand is already looking at ways to expand the range. While nothing is official, leaked certification documents for the Australian market suggest that a Black Badge model with more power is on its way. Australian website Drive wrote that the Spectre Black Badge's unveiling is imminent. While it didn't publish the leaked documents, so we can't verify their authenticity, it noted that the Black Badge treatment will include a 650-horsepower evolution of the standard car's dual-motor drivetrain. For context, the standard variant of the Spectre is rated at 577 horsepower. If the leaked figure is accurate, the Spectre Black Badge will be the most powerful series-produced car in the Rolls-Royce range, eclipsing models like the 592-horse Cullinan Black Badge. The extra power shouldn't have a major effect on driving range. The aforementioned certification documents peg the coupe's range at up to 342 miles, compared to about 345 for the standard Spectre. Keep in mind those figures won't necessarily carry over to the American-market model, because Australia uses its own methods to obtain a range figure. In the United States, the Spectre has a range of up to 260 miles. Beyond the drivetrain, the Spectre Black Badge will receive the same basic tweaks as other Black Badge-branded members of the Rolls-Royce range, according to the same report. The list will include a suspension system revised for sportier handling, blacked-out design details, trim-specific wheels, and new-look interior trim. Of course, buyers will be able to customize nearly aspect of the Spectre Black Badge. Rolls-Royce hasn't commented on the report, and it hasn't confirmed plans to launch a Black Badge variant of the Spectre, let alone one with a 650-horsepower drivetrain. If the rumor is accurate, we should learn more about the big electric coupe in the not-too-distant future. Pricing hasn't been announced, but the Black Badge will cost more than the standard Spectre. Don't try to flip one: Rolls-Royce will blacklist you.

Rolls-Royce electric airplane smashes record, hits 387.4 mph

Just two months after its maiden flight, Rolls-Royce's "Spirit of Innovation" has hit a top speed of 387.4 mph, tentatively smashing the speed record for electric airplanes, Gizmodo has reported. It also claimed the top speed of 345.4 MPH over a 3 kilometer (1.86 mile) course and lowest time to a 3,000 meter (9,843 feet) altitude (202 seconds). The records have yet to be certified, but if the 345.5 mph speed stands, it would beat the current record of 213 mph — held by a Siemens-powered Extra 330LE — by an impressive 132 mph.  Rolls-Royce (the aviation, not the car company), conducted the tests on November 16 as part of its ACCEL (accelerating electrification of flight) project. To have the records certified, it's submitting the trials to the Federation Aeronautique Internationale (FAI), the body in charge of world aviation records. If confirmed, the speeds would be pretty impressive considering that the plane only made its maiden flight in September — suggesting that with more time, it could go even faster. 51690212450_7e8bcb3ad8_k View 12 Photos The Spirit of Innovation is an old-school "tail-dragger" airplane (steering at the rear) with the canopy pushed way back, and looks as fast as it goes. It's powered by a 400 kW (535 HP), 750 volt motor. Rolls-Royce said it uses the "most power-dense propulsion battery pack ever assembled in aerospace," with 6,480 cells.  As Engadget detailed in an explainer, electric airplanes aren't practical since current batteries are 50 times less energy dense than jet fuel. However, they do hold some promise for very short trips, like a 30 minute jaunt between Vancouver and Victoria in Canada. And unlike non-turbocharged ICE engines, electric motors retain full power as an airplane climbs, making them ideal for time-to-altitude record attempts — as the Spirit of Innovation has just shown.  Green Rolls-Royce