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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.

2016 BMW 7 Series spied for the first time ever

Ladies and gentlemen, Bimmerphiles and automotive voyeurs of all stripes: here is your next-generation BMW 7 Series. Captured in photographs for the first time ever while doing a spot of cold-weather testing in Sweden, this newly slim 7er will most likely debut at the Frankfurt Motor Show in 2015 and launch in the 2016 model year.
Sources indicate that BMW is targeting a much lighter curb weight for the 7 Series, and will use learnings gained with the i3 and i8 development to add carbon fiber-reinforced plastics in the construction. In return we'd expect the new model - which uses the internal model designation "G11" - to offer improvements in handling, acceleration and fuel economy. As with the current 7 Series lineup, expect the engine range to include turbocharged inline-six engines, one or more V8s and a V12 option.
It's fair to say that, with the car's debut still years down the road, that BMW will work to launch with an impressive suite of in-car technology, too. A completely new version of iDrive shouldn't be ruled out. These shots mark the beginning of a long journey to 2015, and we expect to have loads more information to share in the coming months and years, so stay tuned.

BMW 4 Series Gran Coupe caught without cladding

Like it or not, the majority of BMW 3 Series variants are on their way out, and the 4 Series models are hotly embroiled in the testing needed to replace them. We've now driven the basic 4 Series, seen spy photographs of the 4 Series Convertible and both versions of the M4 and today we get a better-than-ever look at the 4 Series Gran Coupe.
And, mostly dependent on your personal disposition towards four-dour coupes, that look should be a pleasant thing. The long, swooping Gran Coupe may be roughly similar in size to the related 3 Series GT, but it has been sculpted with beauty in mind rather than crossover function. We expect that those details still hidden by the body cladding here, mostly front and rear, can be filled in by simply remembering what the standard 4 Series looks like and squinting your eyes a bit. Subtlety is thy name, BMW variants.
As for the mechanicals, well, we expect to have the very same greasy bits under the hood and beneath the car that are found in the 4 Series lineup, too.