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Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.

Check out 90 years of BMW Motorrad in 90 seconds

After ninety years in business and first-to-market motorcycle innovations like the one-piece 'tunnel' crankcase, hydraulically dampened front forks and full fairings, as well as that trademark boxer engine, BMW Motorrad is celebrating its nonagenarian status with a video: You can follow the ride on BMW motorcycles from 1923 to now in just 90 seconds.
Okay, so there's more than a video - some anniversary-themed bikes and a new retro boxer model celebrating the R 32 "airhead' from 1923 also commemorate the occasion. But you can start with the video, and that's below.

Watch BMW 3 Series drift in Scotland

Drifting is inherently connected with Japan largely because the sport originally hails from there. That's why many of the traditionally popular drifting machines are from Toyota, Nissan, and Mazda. However, as long as the rear wheels can spin, you can slide it, no matter where a vehicle is from. For a new video, Xcar discovers a grassroots contingent in Scotland that specializes in smoking the tires of the BMW 3 Series. These guys aren't running the hugely expensive machines that you see in top events, but they definitely don't lack for passion to get a car sideways. One guy in the video runs an absolutely insane-looking Nissan-powered E36 3 Series convertible. Another competes in an E30 station wagon with a Toyota engine. Watching these unconventional drifters out on the track is a cool experience. Clearly, these folks are using what's around them to fulfill their need for speed, and they look like they're having a ton of fun doing it. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience.