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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.

Get a load of Audi's TTs [w/videos + poll]

The third-generation Audi TT coupe has made its debut here at the Geneva Motor Show, showing an evolutionary design for the German automaker's fashion-forward coupe. As expected, the new TT takes plenty of inspiration from the Sport Quattro Concept that debuted in Frankfurt last year, and it draws upon cues from the model's past two generations.
After seeing it in person, the Autoblog crew on-site in Geneva is sort of torn about the new model. It's crisp and well-proportioned, but in terms of its exterior design, it also doesn't come off like a significant generational leap forward - the aesthetic distance between the original TT and the second-generation model was quite a bit larger. Of course, it's hard to reimagine a design icon, and either way we'll have to wait until we see the car on the road to make final judgments.
Audi is offering a trio of engines for the new TT, including a 2.0-liter turbodiesel powerplant that's good for 184 horsepower, 280 pound-feet of torque and an excellent 56 miles per gallon. On the gasoline front, Audi is offering two versions of its well-liked 2.0-liter TSI turbo-four. The less-powerful spec still offers up a healthy 230 hp and 272 lb-ft of torque, while the higher-output 2.0T sends 310 hp and 280 lb-ft of twist to all four wheels in the TTS coupe. Potent stuff.

2018 Audi Q8 tears up the Nurburgring

Audi took to the Nurburgring to test the upcoming Q8, showing off the attractive yet minimalist shape we've seen on the international auto-show circuit this year. One thing that's not understated: the massive grille that's blacked-out in these spy shots. We expect the 2018 Q8 to go on sale about a year from now. The coupe-like styling belies a roomy SUV, one that has space in back and is expected to seat five comfortably. Using Volkswagen Group's MLB platform, the Q8 would slot in as the sportier counterpart to the Q7, which seats seven and has a more traditional design. The Q8 will take aim at the Mercedes GLE Coupe, BMW X6, Maserati Levante, and others. So what will be under the hood? Some rumors suggest the Q8 RS version will get the same twin-turbo V8 engine as the Lamborghini Urus (a VW Group sibling). The concept at the Detroit Auto Show was a high-powered turbocharged plug-in hybrid, while the Geneva concept, called the Q8 Sport, used an electric supercharger to augment its hybrid powertrain. The vehicle on the 'Ring looks near-production-ready with the roofline a little less dramatically chopped than the concepts. The strong lines and creases continue, however, and the Q8 is poised to be a head-turner when it arrives in production trim. Related Video: Featured Gallery 2018 Audi Q8 Spy Shots View 10 Photos Spy Photos Audi Crossover SUV