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Macron hosts BMW and Volvo execs as they consider moving operations to the U.S.

PARIS — French President Emmanuel Macron on Monday will host a dinner with a number of European chief executives to convince them not to move production to the United States, where lower energy prices and the Inflation Reduction Act is proving a lure. European leaders have been alarmed by massive anti-inflation measures passed by Joe Biden's administration, which make tax breaks conditional on U.S-manufactured content and which EU industries say make investment in Europe less competitive. "We're having difficulties with companies which are starting to consider offshoring their production or making future investment outside Europe," a French official said, listing high energy costs and the U.S. legislation as reasons. At the Elysee palace, Macron will seek to convince executives from companies including chemical groups Solvay and Air Liquide, carmakers Volvo and BMW, pharmaceutical giant AstraZeneca and telecom groups Ericsson and Orange to stay in Europe and choose France for their future investments. Macron, who has called on the European Union to launch its own 'European Buy Act' to subsidise European production, has encountered resistance from the more anti-protectionist members of the bloc. It was unclear what Macron would tell the executives to convince them not to move to the U.S. But France has unveiled a number of measures over the weekend to cushion the impact of high energy bills for French companies. European companies have been increasingly strident about the impact of soaring energy prices since Russia's invasion of Ukraine, which has pushed up gas and electricity prices. Eric Trappier, CEO of Dassault Aviation, who heads the French federation of metals industries, warned in the Les Echos newspaper over the weekend that Europe should protect its own industry more aggressively or see it move to other shores. Related video: Government/Legal Green Plants/Manufacturing BMW Volvo

Next BMW X5 caught testing in the snow

That's not taken long at all. Less than three years after BMW introduced the current X5, the German automaker has already kicked off winter testing for its replacement. The new Sport Activity Vehicle (that's BMW for crossover) has been spotted in snowy terrain, complete with heavy camouflage and extra driving lamps. Now, this is a mule, which means we're absolutely not looking at production sheetmetal. Instead, we'd wager the next X5 is hiding well beneath this swirly camouflage. Compared with images of the current car, it looks like we're seeing a longer front overhang, a shorter rear overhang, and a tighter dash-to-axle ratio. That makes us think the next X5's exterior dimensions might be just a smidge smaller than the current model. And that gels with at least some of what our spies are telling us. For one, they're reporting that the new X5 will be significantly lighter, as is the trend nowadays. It will also be more comfortable and techy, both of which would put it in line with the new 7 Series. Beyond that, though, we're in the very earliest days of BMW's next SAV. The debut of the fourth-generation X5 will likely come in 2018 as a 2019 model. Related Video:

Mercedes G63 vs. BMW i8: Our silly drag race between the past and future

You see, we were just trying to conserve resources. We had Milan Dragway rented for a test of the AMS Alpha 10 Audi R8, and there was some extra track time, so we brought these two along. That's called saving money. Or something. Aside from being German, the G63 and i8 couldn't really be much more different – one is a prehistoric military vehicle with a nutty twin-turbo V8, the other a vision of the near future of efficient sports cars. So what did we do? We lined them up against each other, editor-in-chief Michael Austin in the i8 and me in the G-Wagen. Though we had a good idea of the likely winner – note which car the boss is driving – the results were still surprising. Watch for yourself above. Green Humor BMW Mercedes-Benz Coupe SUV Hybrid Luxury Performance Videos Original Video drag race milan dragway