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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.

VW, Rivian, Nissan, BMW, Genesis, Audi and Volvo lose EV tax credits starting tomorrow

The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to $3,750 but other Tesla models will retain the full $7,500 credit. Vehicles losing credits Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf , Rivian R1S and R1T, Volkswagen ID.4 as well as the plug-in hybrid electric Audi Q5 TFSI e Quattro and plug-in hybrid (PHEV) electric Volvo S60. The Swedish carmaker is 82%-owned by China’s Zhejiang Geely Holding Group. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs or PHEVs. Hyundai said in a statement it was committed to its long-range EV plans and that it "will utilize key provisions in the Inflation Reduction Act to accelerate the transition to electrification." Rivian declined to comment and the other automakers could not immediately be reached for comment. Treasury also disclosed General Motors electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVS would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Treasury said all GM EVs will qualify. Earlier, Ford Motor and Chrysler-parent Stellantis said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury confirmed the automakers' calculations. The rules were announced last month and mandated by Congress in August as part of the $430 billion Inflation Reduction Act (IRA). The IRA requires 50% of the value of battery components be produced or assembled in North America to qualify for $3,750, and 40% of the value of critical minerals sourced from the United States or a free trade partner for a $3,750 credit. The law required vehicles to be assembled in North America to qualify for any tax credits, which in August eliminated nearly 70% of eligible models and on Jan. 1 new price caps and limits on buyers income took effect.

BMW Shanghai: Driving in mega cities, designing the future and more

The BMW enclave is a suitable mix of high-tech and throwback cool.
A few days before the Shanghai Motor Show kicked off, we were part of an international group of media that was invited to have a look at the BMW Designworks Shanghai Studio and ConnectedDrive Lab facility. The building that BMW found to house its Chinese think tank is in a lovely part of Shanghai known as the former French Concession. The late 1890s and early 1900s French architectural style, brick-paved streets and tree-lined spaces feel a world apart from the ultra-modern heart of Shanghai, and the BMW enclave is a suitable mix of high-tech and throwback cool.