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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

BMW replaces tri-turbo diesel with a quad turbo

Quad turbos have until now been the stuff of Bugattis. BMW is introducing a quad turbo diesel for the 7 Series, with nearly one hundred horsepower per turbo. It's all about making the six-cylinder 3.0-liter turbodiesel all as enticing a proposition as possible, and it faces strong competition from Audi's new twin-turbo V8 diesel available in the SQ7 TDI. The earlier, N57S engine (pictured above) utilized a triple-turbo setup good for 381 horsepower and 546 lb-ft. The new B57 version, confirmed by BMW at the 37th International Vienna Motor Symposium, adds yet another turbo for 394 hp and 561 lb-ft, and that massive torque is available from 2,000 to 3,000 rpm. It means the 7 Series gets from 0-60 mph in a snappy 4.5 seconds. The engine could produce even more torque, but 561 lb-ft is all the ZF 8HP 8-speed automatic transmission can handle. The N57S engine's dual-stage turbocharging setup consisted of one low-pressure turbocharger to take care of low-end torque, and two high-pressure turbos for the higher rev range. In the new B57 engine, the big turbo is now replaced with two smaller units on a common exhaust, to benefit from lower costs and smaller unit weight. In addition to the gains in power and torque, fuel economy has reportedly been improved by 5 percent. There are no reports yet whether the B57 TOP quad-turbo will make it to the US market, but customers in the European high end diesel saloon market will probably be very excited. Initially it will be available in the 750d xDrive version, and other top-end models like the 5 Series and the X5 will follow later on. Related Video: News Source: Krone.atImage Credit: BMW BMW Diesel Vehicles Luxury Performance Sedan confirmed vienna motor symposium

2023 Cadillac Escalade-V and Honda HR-V | Autoblog Podcast #735

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore and Senior West Coast Editor James Riswick have been driving some interesting vehicles, including the Cadillac Escalade-V, VW Jetta, BMW X3 and the new Honda HR-V. They also compare the Duramax-powered Chevy Silverado High Country to the 6.2-liter GMC Sierra Denali Ultimate. Senior Editor, Green, John Beltz Snyder drops in with a dispatch from the first drive of the 2023 Cadillac Lyriq, previewing his upcoming review of the brand's first EV. Finally, they open the mailbag and help a reader pick a used car for under $20,000 in the Spend My Money segment. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #735 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2023 Cadillac Escalade-V 2022 Volkswagen Jetta 2022 BMW X3 M40i 2023 Honda HR-V 2022 Chevy Silverado High Country w/Duramax vs. GMC Sierra Denali Ultimate w/6.2-liter Dispatch: 2023 Cadillac Lyriq Spend My Money: Sub-$20k used car Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: