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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.

Alpina B4 coupe will be your subtle M4

We're big fans of Alpina here at Autoblog - the BMW tuner has created some seriously delicious products in the past, and recently tuned the diesel-powered 3 Series wagon to create the D3 Bi-Turbo. What we like most about Alpina is how the cars only look subtly more aggressive than stock, yet they pack a real wallop under the hood.
Take this B4 Coupe, recently spotted testing at the Nürburgring. It looks pretty tame compared to the normal 435i, the only visual additions being the Alpina-standard 21-spoke wheels, modified front lip and rear wing spoiler. But under the hood, Alpina is reportedly working on a tuned, twin-turbo straight-six that produces something like 410 horsepower. That means the B4 should be good for a 0-62 time of 4.2 seconds, with a top speed around 190 mph. Rear-wheel drive will be standard, though our spies suggest that Alpina could also use all-wheel drive here in the B4.
We have no doubt that the next BMW M4 will be super hot, but for those seeking a bit more stealth and exclusivity, this Alpina B4 certainly looks the business. Check it out in our gallery above.

Forget about greenlighting it, BMW is already testing the M2

One week ago, we reported, with some skepticism, that BMW had greenlit a car we've been waiting for since the 1 Series M Coupe was discontinued - the M2. Now, we have the first images of that new hotshot underoing testing in Germany.
What's our reasoning here? After all, this just looks like an M235i. Well, that camo is disguising swollen fenders designed to conceal wider tires. Now, these aren't production changes, and it's very likely that the eventual M2's fenders will look quite a bit different. According to our spy, the front fenders have been borrowed from the M235i Racing, while the rears are from an unknown source.
Our spies are also quick to point out a few other high-performance items on this mule. The cross-drilled brakes and blue M calipers are one such item, although we aren't sure how much they differ from the optional stoppers on the production M235i. The black wheels are borrowed from the M3 and M4, and are shod in what look like a sticky set of Michelin tires.