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BMW, Toyota warn about Chinese market slowing down

BMW and Toyota are the latest automakers to become concerned about the closing throttle on the once rapidly accelerating vehicle market in China. There might be drastic effects on their ledgers at the end of the year. With the Chinese stock market no longer looking so healthy, the people just aren't buying as many new cars as in the past. Things got really bad in June after the first drop in deliveries in two years. BMW has already reduced Chinese production by 16,000 units so far this year. Despite the slowdown, the company has kept a brave face. "We experience that volatility in all emerging markets," BMW CEO Harald Krueger said in a conference call, according to Automotive News. The problem for Toyota is a bit stranger. Through July, the automaker's Chinese deliveries were actually up 12 percent. However, the gain was offset by falling sales prices. "This is making our business in China quite difficult. The business environment is getting tougher," Toyota Managing Officer Tetsuya Otake said, Automotive News reported. Much of the weakness in China has come in the middle part of the year, and from January through June deliveries were still up 8.4 percent. This means the effects haven't hit the financial results of some automakers too hard quite yet. In the second quarter, General Motors referenced the "challenging conditions" there but still posted a growing net income of $1.1 billion. Despite falling global sales, Toyota managed record income for the quarter, too.

BMW 2 Series Gran Coupe could be coming

Dig the BMW 2 Series coupe but wish it had more doors? Well you're in luck, sir or madam, as that's just what BMW has in store. According to Autocar, the Bavarian automaker is planning to launch a 2 Series Gran Coupe. And what's more is that there'll be an M2 version with four doors as well. Not to be confused with the 2 Series Gran Tourer – a front-drive city car based on an entirely different platform – the 2 Series Gran Coupe would follow the same formula that BMW applies to the 4 Series and 6 Series Gran Coupe. That is to say a sedan with sleek "coupe" styling, sized to compete with the Mercedes-Benz CLA and Audi A3. BMW unveiled a similar design as the BMW Concept Compact Sedan at the Guangzhou Motor Show last year. The production 2 Series Gran Coupe will likely look more like the existing 2 Series coupe, only a bit longer to accommodate the additional doors. It's also possible the Gran Coupe could have a liftgate at the back instead of a trunklid. The best part is that an M2 version is likely. The M2 coupe is one of our favorite cars; a four door option would increase the appeal to many. It's expected to pack the same 3.0-liter turbo six as the M2 coupe, good for 365 horsepower and mated to either a six-speed manual or seven-speed DCT. In classic German automaker fashion, this makes sure BMW doesn't cede a market slice to the Mercedes-AMG CLA45 and the forthcoming Audi RS3 sedan, but the Bimmer will stick with a rear-drive layout instead of its all-wheel-drive rivals. Of course there will be other, less powerful versions as well, including gasoline and diesel engines with three cylinders or four, and potentially even a plug-in hybrid. Buyers will also be able to choose between rear- or all-wheel drive setups. As no official announcement has been made, it's anybody's guess as to when we could see any variant for sale in the US. Related Video:

BMW-Toyota joint sports car project is on like Donkey Kong

It's official - there will be a jointly developed sports car from BMW and Toyota. While the two auto giants signed a Memorandum of Understanding that pledged to pursue "joint development of architecture and components for a future sports vehicle" back in June of 2012, in the interim, it has remained unclear how those plans had been progressing. BMW has finally officially confirmed that the German and Japanese manufacturers will be codeveloping a pair of sports cars in addition to pursuing other disciplines including fuel cell systems and lightweight technologies.
"We have agreed on a joint architecture for a sports car. What is important is that there will be two different vehicles that are authentic to the two brands," BMW Development Chief Herbert Diess told Germany's Frankfurter Allgemeine Zeitung, Reuters is reporting. This is a very, very big step for both brands, but now the speculation can officially begin as to what the products of this agreement will look like.
There's ample reason to believe that the BMW-Toyota tie up will result in a Supra successor based on comments made by the chief engineer of the GT86/FR-S program, Tatsuya Tada, back in August. Follow that with a rumor from earlier this month that Toyota could debut a Supra concept car at the upcoming Detroit Auto Show later this month, and we could be seeing the fruits of this partnership sooner rather than later.