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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.

Watch these Super Bowl car commercials [UPDATE]

On Sunday, February 3, the New England Patriots take on the Los Angeles Rams in Super Bowl 53 at Mercedes-Benz Stadium in Atlanta, Georgia. Some will watch because of the storyline of the old-school dynasty facing off against the new-school wunderkinds, but a large chunk of people will solely be watching for the commercials. Lucky for those who slot into the latter category, many of the manufacturers release their super bowl ads ahead of time, or have simply opted to release the commercials only online. Scroll down to see what car companies have already shown their cards. Audi Audi goes the comedic route in its clip for the Big Game. It starts with a grandpa showing his grandson a gorgeous Audi e-tron GT tucked away in a garage before he's shaken awake. Turns out he was just choking on a cashew in his cubicle at his boring job. Dodge Dodge does what it knows: create enough smoke to punch more holes in the ozone layer. Set to "The Devil Went Down to Georgia (the Super Bowl is in Atlanta, get it!?), a Challenger SRT Hellcat widebody, Charger SRT Hellcat, and Durango SRT are seen ripping through a city, leaving a trail of rubber crumbs in their wakes. Genesis Genesis has not yet released a commercial prior to the Super Bowl, but it is the official luxury vehicle of the NFL. Because of this, Genesis is hosting a fan experience for 10 days before the game. It will showcase the brand's cars, offer games, and have photos opportunities and autograph days. Hyundai Jason Bateman alert! Hyundai is one of the few companies to hook a major celebrity for its advertisement, and the casting is perfect. Bateman plays a doorman who takes people to various terrible events in life, including root canals, the middle seat, and shopping for a car. The ad centers around Hyundai's Shopper Assurance, which is Hyundai's new method for car shopping. Jeep An old 1963 Jeep Gladiator finds its strength in the crusher and transforms into a a new 2020 Gladiator, with a firm declaration that the nameplate is officially back. Kia Through Kia's commercial, a young boy wonders out loud what it'd be like if the millions spent on Super Bowl commercials were used to help others.

Audi plans three electric vehicles by 2020

Audi reiterated its focus on electrification Wednesday and said it is planning three new battery-powered electric vehicles by 2020. The announcement, made at Audi's annual corporate press conference in Ingolstadt, Germany, also confirmed more electric models will follow after 2020. Audi, which is clearly making electrification one of its core strategies, has trained more than 6,000 workers in high-voltage technology and is working on quick-charging public infrastructure. While Audi did not specify the new models, it is expected to expand use the E-tron name as a sub-brand throughout its portfolio, with a new sport utility vehicle the first to arrive. Audi showed a Q8 plug-in hybrid concept in January at the Detroit Auto Show (above) and an E-Tron Quattro concept styled like a future Q6 at the 2015 Frankfurt Motor Show. Conversely, Audi said last year it would kill off the R8 E-tron supercar in a move that allows it to focus on SUVs, which offer broader sales potential. The electrification strategy is part of Audi's role as the technology lead within the Volkswagen Group, which also highlights autonomous driving. Audi has a subsidiary that's developing solutions for cities, including a robot taxi service that could be used across the VW portfolio. Meanwhile, Audi said it took a $1.9 billion charge as a result of the VW Group diesel-emission and Takata airbag scandals and turned an operating profit of $3.3 billion as part of its Wednesday announcement. The company also reiterated its product cadence, and the next-generation A7 is due in 2018 along with the Q8. A new Q4 model will join the portfolio in 2019. Related Video: