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Why BMWs are cheaper than Hyundais in Korea
Sat, 18 May 2013Bloomberg 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.
Winterkorn vacates chairs on Audi, Truck & Bus boards
Thu, Nov 12 2015The last remaining vestiges of Martin Winterkorn's power within the Volkswagen Group are slowly melting away. The former chairman of the group's management board resigned as CEO nearly two months ago in the wake of the diesel emissions scandal. He held onto other roles within the group, but one by one he's been vacating those as well. Last month Winterkorn resigned from his role at Porsche SE – Volkswagen's largest shareholder. Now the latest development comes from Bloomberg, which reports that Winterkorn has stepped down from his role as chairman of the supervisory board at Audi. Prior to his promotion to run the entire group, Winterkorn served as chief executive of the Audi division, and prior to his resignation served continued to serve as its board chairman. No date was given for his resignation from that capacity, nor any successor named at this point. Repeated requests for clarification from Audi have gone unanswered. In correspondence with Autoblog, however, spokespeople for VW's commercial vehicle operations confirmed that Winterkorn has also stepped down as the chairman of the board at Truck & Bus GmbH. The newly established division encompasses truck manufacturers Man and Scania. Winterkorn also served as chairman of Scania's board, but requests for confirmation of his departure from that role also went unanswered. The Swedish truck manufacturer, however, named Henrik Henriksson as its a new chief executive only a few days ago.
Audi wiring cars with cameras to see how ferret-like creatures tear them apart
Thu, 06 Nov 2014In this German-language video, we see a batch of Audi engineers wiring up an A3 Cabriolet with a network of small cameras. The goal? To help identify where and how stone martens - small, ferret-like animals - attack cars. The idea is to observe the animals' behavior around the vehicles, see where they go, what they chew on, and work to develop solutions.
So why go to all this trouble? Cars and trucks are easily the single-most complex consumer good, and they're subject to the widest variety of conditions, regulations and usage cases that one could possibly imagine. They also come with very high consumer expectations for reliability. Thus, it's up to automakers to vet their vehicles for just about every possible scenario and threat - including weasels. And if that means Audi has to go hire Walter Simbeck, animal trainer to the stars, and string up a bunch of GoPros on an A3, well, they're game.
In speaking with Autoblog, Mark Dahncke, senior product manager at Audi of America said it best:












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