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Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.

Renderings may show upcoming BMW 4 Series Gran Coupe

We've already shown you spy images of the latest member of the BMW Gran Coupe family, the 4 Series Gran Coupe. Following the trend of the larger 6 Series Gran Coupe, the 4 Series variant grafts a spare set of doors onto its two-door body.
Now, the f30post forum has come up with what it says are patent drawings of the new 4GC (originally from Chinese site Autohome.com), giving a glimpse of what the coupe-sedan-thingy looks like without its camo in the way. What we're seeing is seemingly a mix of the 3 Series GT (noticeable around the rear window) with the larger Gran Coupe styling, while retaining the current 4 Series front end.
We can't say it looks great, but as these are merely renderings, it's far too early for us to come to a final conclusion on the overall look of the 4 Series Gran Coupe. Have a look up top at the patent images. We've also included our spy photos of the new Gran Coupe below. Let us know what you think of the latest niche product from BMW down in Comments.

BMW teases 2 Series Coupe ahead of October 25 debut

Although it was finally just confirmed that the last of the BMW 1 Series coupes and convertibles went out of production months ago, we won't have to wait very long to see this model's replacement, the all-new 2 Series. BMW released a teaser video for its new coupe today and also announced that the 2 Series will officially debut on October 25.
We may still have to wait until the Detroit Auto Show to see it up close and in person, even though both the Los Angeles Auto Show and Tokyo Motor Show are nearly upon us. Either way, it's not clear when the 2 Series will roll into dealerships. Considering we've already seen the coupe sitting out mostly undisguised for a photo shoot, there really isn't much to see in terms of styling of the car in this sun-drenched, dirt-slinging teaser. BMW does say that this is the first trailer ahead of the 2 Series' unveiling, so there are likely to be more to follow the video seen below.