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Will global automakers drop local JV partners if China's government says they can?

Chinese economic policies could be in for a big change, as President Xi Jinping pushes the communist country to open its domestic markets even further. That could mean big things for the auto industry, especially when it comes to the country's far-reaching joint-venture system.
According to Chinese law, foreign automakers may only maintain a fifty-fifty partnership with their domestic counterparts. But with Jinping's push for openness leading to potential free-trade deals, that policy could be relaxed (or eradicated all together) in short order. What's an automaker to do?
Well, in BMW's case, stay the course. Automotive News Europe reports that, despite the grumblings about the JV policy changes, the German manufacturer has resigned its agreement with Brilliance through 2028. This is made doubly remarkable by the fact that BMW signed the extension over three years before it was set to expire.

Upcoming new Alpina B7 teased

BMW does not make an M7. It never has, despite rumors, trademark filings, and the actual desires of the people that would build such a car. That means that while we're stuck waiting for BMW to see how foolish not building an M is, the most potent 7 Series you can get wears an Alpina badge on the nose. Meet the newest version of that car... sort of. BMW and Alpina haven't taken the wraps off the next B7 just yet, opting instead for an opera-accompanied teaser of the new car undergoing track testing. The car is lightly camouflaged – there's enough to make it clear it's a 7 Series, but not so undisguised as to reveal too much of the Alpina bodywork. There's a more aggressive bumper, a meaty rear spoiler, and sharper side sills, along with what are probably Alpina-specific wheels, but more precise details are hard to discern. What isn't difficult to pick out, though, is ear-tingling exhaust note. The last two Alpina B7s have built on the standard 7 Series' engine, and this new model likely won't be any different. That should mean a breathed upon 4.4-liter, twin-turbocharged V8 which goes well above the unfettled car's 445 horsepower and 480 pound-feet of torque. The extra power, along with the donor car's new lightweight carbon-fiber passenger cell, should make for tantalizing performance capabilities. The current 750i xDrive takes 4.3 seconds to make the sprint, and the B7 model that this new machine will replace hits 62 in 4.6. We'd expect the upcoming B7 will do better. The teaser from BMW and Alpina doesn't indicate when the new model will debut, but we'll eat our proverbial hat if it doesn't happen in Geneva. Related Video:

BMW says SUVs killed the sports car market

In many ways, we're living in a golden age of automotive performance. After all, it's possible to show up at a Dodge dealer, hand over about $60,000 and storm away with a 707-horsepower Challenger Hellcat. Or for those who prefer a touch more luxury, the BMW M4, Mercedes-AMG C63 and latest Cadillac ATS-V offer between 425 and 503 horsepower, depending on your pick, with a bit more poshness. However, none of these powerful vehicles fit the classic definition of a two-place, droptop sports car, and according BMW head of sales Ian Robertson, that's because the segment is very much in the doldrums.
According to Robertson, two factors seriously wounded the classic sports car market. First, the global economic crisis of a few years ago put a serious hurt on sales, according to Bloomberg. Further worsening the situation, the boom in popularity of luxury SUVs and crossovers in the past few years hasn't allowed for much recovery. Even car-hungry China hasn't helped much because of the smog in many cities and preference among some of the very rich there to be chauffeured.
Combined, Audi TT, BMW Z4 and Mercedes-Benz SLK sales peaked around 114,000 units a year in 2007, but they are only expected to reach 72,000 annually by the end of the decade. Robertson is pretty pessimistic about the market's comeback too. "Post-2008, it just collapsed. I'm not so sure it'll ever fully recover," he said to Bloomberg.