All eyes are on Britain, the Brexit, and a surprisingly fast donkey, Toyota has a bummer of a week, and Tesla broadens their business footprint by going solar.
The Brexit and its impact on automotive
The stunning leave of the UK from the European Union last night will not only have a huge impact on the future of Europe and the world economy, but it also has significant implications for the auto industry. British car companies like Mini, Jaguar, and others are owned by foreign companies, so there will likely be hefty manufacturing tariffs imposed which could dent the bottom lines of these thriving and iconic brands.
In other British news, the Guardian recently reviewed the Vauxhall Astra Sports Tourer and reports that it’s like “a surprisingly fast donkey”. So at least there’s that.
Toyota’s bummer of a week
Toyota had a rough week. Their heartbreaking loss on the last lap of the 24 hours of Le Mans to Porsche last week was the buzz du jour all week and has been hotly analyzed. The conclusion remains the same: big, big bummer.
Tesla goes solar
Going beyond beautifully designed electric cars, Tesla CEO Elon Musk announced this week that the company expanding beyond the auto industry with its acquisition of solar power provider, SolarCity. Musk was quoted as saying, “The world does not lack for automotive companies. The world lacks for sustainable energy companies.”
Drive like the fuzz
Turns out old police cruisers don’t just go to that big motor pool in the sky, but actually get recycled and sold to the general population. Car enthusiast Jay Leno recently interviewed an appraisal expert on his show, Jay Leno’s Garage, to see if the iconic black and white beaters are a sound investment.
Kia floats to the top, Detroit rises in the ranks
J.D. Powers released the results of their car quality survey this week, with Kia topping the list as the first non-luxury brand to win the top slot in the nearly 30 years of the survey’s tenure. Of note, previously underperforming American contenders have started rising in the ranks, with Chevy, Buick/Lincoln/Lexus, and Ford making the top 10.
Other cool stuff
Three Apple renegades are empowering car owners with older models to tech-out their cars themselves with a self-installable backup camera, the Tesla Model S can be used as a boat should the occasion for an amphibious vehicle arise, and Tesla opens a pop up gallery in a Nordstrom in LA (because why not?).