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Automakers paying Chinese dealers for lower-than-expected sales

The Chinese dealers vs. foreign manufacturers story won't quit. It began with a story on the struggles faced by FAW-Toyota joint venture dealers, with supposedly 95 percent of the showrooms losing money, and 10 percent of them doing so poorly that they'd have to exit the business. The problem is mandated sales targets, most set when the country's economy was racing. Now that things have slowed, China's dealers are swimming in unsold cars and the costs to keep them. In the case of FAW-Toyota, dealers asked Toyota to hand over 2.2 billion yuan ($355 million) to help address the situation. That was followed by a report noting the issues that Honda, BMW, and Nissan dealers are having with the same issue, revealing that the Chinese Automobile Dealers Association (CADA) had taken the highly unusual step of writing to the Chinese government to complain. Now Reuters reports that CADA is not only pressing its case even harder, it's being open about it: it announced that BMW agreed to pay dealers 5.1 billion yuan ($820 million) to alleviate poor profits last year. Unnamed sources said Audi has thrown 2 billion yuan into the kitty for subsidies, and Daimler has contributed "about 1 billion yuan" to its dealers. The battle isn't just about 2014, but how business will be run in 2015 as well: Chinese Porsche dealers have requested the automaker lower its 2015 target of 64,000 cars, which would be a 40-percent increase on its 2014 sales of 46,931 vehicles. One analyst called it "shocking" that the CADA has taken its fight public, while CADA comments continue to imply that dealers have been railroaded to the cliff's edge without recourse. "Due to the difference in status," it's deputy secretary said, "individual dealers are not willing to, or don't dare to, talk frankly with the carmakers...." Both parties need one another, so they'll figure out a way to make it work – but that could mean acknowledging the Chinese market is behaving more like a mature one, not an emerging one. News Source: ReutersImage Credit: Lintao Zhang/Getty Images Earnings/Financials Audi BMW Porsche Toyota Car Dealers Luxury

Will BMW-Designed Bobsled Give Team USA An Edge At The Sochi 2014 Winter Olympics? [UPDATE]

When we first reported on BMW's plans to develop a new bobsled for Team USA, the 2014 Winter Olympics were over two years away. Now the games are upon us and BMW's high-tech, carbon fiber sled is ready for competition in Sochi. When we first reported on BMW's plans to develop a new bobsled for Team USA, the 2014 Winter Olympics were over two years away. Now the games are upon us and BMW's high-tech, carbon fiber sled is ready for competition in Sochi. According to the automaker, BMW designers redeveloped the two-man bobsled from the ground up to replace a 20-year-old platform that has failed to produce Olympic gold. "BMW's process reevaluated the complete vehicle system: cowling aerodynamics and construction, chassis and steering geometries, athlete fitment and integration were all critical focal points," the automaker said in a statement. "Computer aided modeling, computational fluid dynamics (CFD), full size wind tunnel testing, on track testing, and athlete scannings were all tools in BMW's development approach." The United States has not won a gold medal in two-man bobsled since 1936. Only time will tell if BMW's contributions will give Team USA an edge at this year's Winter Olympic Games in Sochi. You can watch BMW's Team USA bobsled in action in the video above. UPDATE: Team USA bobsledders Steven Holcomb and Steven Langton won the bronze medal in two-man bobsled, snapping a 62-year medal drought in the event. MORE: American Steven Holcomb and Steve Langton take bronze, winning first two-man medal by a US sled since 1952. http://t.co/3lgynFj7z0 - AP Sports (@AP_Sports) February 17, 2014 BMW Translogic Videos bobsled

Overheated dog rescued from BMW by concerned bystander

Dogs, cars, and summer heat do not mix. Hundreds of dogs fall ill and die each year from heat exhaustion when left in cars on hot days, according to the American Veterinary Medical Association. In Grand Bend, ON, a passerby rescued a small dog from such a fate when he smashed out the rear window of a car and pulled the dog to safety. According to CTV, two unnamed individuals attended a festival on Saturday, June 11 celebrating the unveiling of a new band shell in Grand Bend. They allegedly left their small dog locked in their car in a parking lot. Temperatures across Ontario on June 11 approached 90 degrees Fahrenheit, and even with the windows cracked and the sunroof open, the dog was in obvious distress. Will Costa was also attending the festival when he heard an announcement over park loudspeakers calling for the owners to report to the parking lot to rescue their dog. "When I heard the announcer, I couldn't believe it," Costa told CTV. "It was so hot." Costa and a few other festival attendees moved to the parking lot to see what was happening, and saw a small crowd surrounding a man attacking a BMW with a large rock. After twenty minutes of work, the man with the rock finally shattered the BMW's passenger rear window and retrieved the suffering dog. The owners didn't show up for nearly another hour. "The dog was completely soaked," said Costa. "The owners didn't show up for another fifty minutes. I believe in another fifty minutes it could have been fatal." The crowd gave the dog water and called the police. Costa told CTV that the owners were confused and embarrassed when they finally arrived, and were told by responding officers to report to the local police station. There is no report yet of warnings issued or charges filed against the owners. Related Video: News Source: CTV, AMVA Auto News Weird Car News BMW Safety Videos heat