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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

2016 BMW M4 GTS hidden in plain view in Tokyo

We almost missed the 2016 BMW M4 GTS at the Tokyo Motor Show. As you can see in the photos, the car is sort of tucked into a little corner behind a wall, and it's way in the back of BMW's show stand. You'd never see it unless someone told you it's there. And that's a shame. This is one of the coolest cars BMW has launched in quite some time. Only 700 examples of the M4 GTS will be sold globally, with 300 earmarked for the United States. Aside from the aerodynamic and appearance upgrades, the GTS stands out by being the first production road-car to use a water injection system. We detailed this technology when the M4 GTS officially bowed, but the end result is more power. The GTS makes 493 horsepower and 442 pound-feet of torque – gains of 68 hp and 36 lb-ft over a stock M4. The other big news for the M4 GTS is its weight reduction – some 200 pounds have been removed, thanks to the use of carbon fiber-reinforced materials. The car's rear seats are gone, and several interior pieces have been redone in lighter materials, as well. This thing should be a monster out on the track, and we can't wait to get behind the wheel. But first, we're hoping BMW at least lets it out into the spotlight a little. See the car for yourself, live from Tokyo, in the gallery above. The new 2016 BMW M4 GTS an exclusive high-performance special edition M4 available for the first time in the US. - First production road car with a Water Injection System - World-exclusive OLED light technology - Specially designed full three-way adjustable M coilover suspension - Intelligent lightweight body design - Most agile, radical and powerful M4 ever Woodcliff Lake, N.J.: BMW today announced the new 2016 BMW M4 GTS giving BMW M GmbH a new and exclusive technological masterpiece which elevates the potential of the BMW M4 Coupe to an impressive new level. With its powerful, motorsport-inspired looks and high-performance technology, the BMW M4 GTS has its sights set squarely on the race track. Thanks to an innovative water injection system helping boost power to 493 bHP and track ready chassis, this Special Edition M vehicle recorded a lap time of 7 minutes 28 seconds around the legendary Nurburgring-Nordschleife, the world's most challenging race circuit, making a clear statement about this model's exceptional dynamic abilities. At the same time, the sharpest BMW M4 of all can also hold its own on public roads.

BMW makes the M4 extra special with a huge wing

BMW has all of the bases covered in its lineup, especially when it comes to its 4 Series models. Don't like going to the track? There's the BMW 430i and 440i, which are available as a coupe and gran coupe. Drivers looking for a track-friendly car that can also be used on the road will be steered toward the M4. BMW even built the hardcore M4 GTS for drivers that spend all of their time on a track. Now, it looks like BMW is trying to bridge the gap between the M4 and the M4 GTS with a special-edition model. Our photographers caught BMW testing an M4 with some extreme aerodynamic components around the Nurburgring. With its aggressive front end, massive wing, and sporty rear diffuser, the prototype M4 appears to be similar to the special-edition M4 Competition Sport that BMW released in Spain. The Spain-only special edition was marketed as a softer version of the M4 GTS with less power and usable rear seats. With a similar look and visible rear seats, this prototype indicates a similar track-focused special edition model. Since the M4 is only a few years old, it's unlikely that BMW is testing a new model, but the automaker could be testing aerodynamic components for a refreshed model down the road. A cheaper, more usable M4 GTS, though, would be the perfect car to round out BMW's current lineup. Related Video: