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U.S. tariff threat hits European automakers' stocks

FRANKFURT, Germany — A U.S. warning that it may introduce tariffs on foreign auto imports hit shares in German carmakers BMW, Daimler and Volkswagen on Thursday, which together have a more than 90 percent share of North America's premium car market. Washington said on Wednesday it had launched an investigation into whether car and truck imports are a national security issue due to signs they had damaged the U.S. auto industry. That could lead to new U.S. tariffs — up to 25 percent — similar to those imposed on imported steel and aluminum in March. BMW and Daimler shares fell as much as 3.1 percent in early Thursday trading, while Volkswagen's dropped as much as 2.5 percent. "(U.S. President) Donald Trump is obviously not thinking about how to prevent a trade war. Import duties on cars would be a nightmare for the German auto industry and would lead to a massive sales impact," said Thomas Altmann at Frankfurt-based asset manager QC Partners. BMW on Thursday condemned the move to consider tariffs. "The BMW Group is committed to free trade worldwide. Barrier-free access to markets is therefore a key factor not only for our business model, but also for growth welfare and employment throughout the global economy," it said. Daimler, which makes Mercedes-Benz cars, and Volkswagen, which makes upmarket Audis and Porsches, were not immediately available for comment. German carmakers produced 804,000 cars at local factories in the United States and exported 657,000 German-made cars into North America last year, according to German auto industry association VDA. China took pains on Thursday to welcome German firms and investments, with Premier Li Keqiang talking up relations after a meeting with German Chancellor Angela Merkel. BMW and Mercedes have expanded production capacity in the United States, but BMW, Audi, Volkswagen and Daimler have also invested billions to build new factories in Mexico in the hope of selling locally produced cars into the United States. German carmakers hiked vehicle production in Mexico by 46 percent to 620,000 cars last year, while production levels inside the United States fell by 6 percent to 804,000 cars because of a shift to Mexico, according to the VDA. BMW has its biggest factory worldwide in Spartanburg, South Carolina, and is the largest vehicle exporter among all the carmakers in the United States measured by value of goods exported. More than 70 percent of BMW's U.S.-made cars are exported.

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.

European jury picks finalists for 2015 Car of the Year

There are countless Car of the Year awards handed out each year, and naturally, Europe has its own way of doing things. Every year, a panel of jurists representing seven publications in seven different languages and seven different countries get together to name their joint Car of the Year. The panel released a list of 32 candidates back in July, and it has now whittled that list down to seven nominees. The list consists of the BMW 2 Series Active Tourer, the Citroen C4 Cactus (shown), the Ford Mondeo, the Mercedes-Benz C-Class, the Nissan Qashqai, the Renault Twingo and the Volkswagen Passat. Of those seven, only two are available in the US – those being the Mondeo (sold Stateside as the Fusion) and the C-Class. The Passat is an entirely different model in North America, the Qashqai isn't offered here, Citroen and Renault don't even participate in our market and the BMW 2 Series is represented here only by the completely different coupe and convertible. Expect the one and only recipient of the 2015 Car of the Year award to be announced at the Geneva Motor Show this coming March, and while you're waiting, you can place your guesses for the eventual winner in Comments. Featured Gallery 2015 European Car of the Year: Nominees News Source: CaroftheYear.org BMW Ford Mercedes-Benz Nissan Volkswagen Citroen Renault car of the year nissan qashqai citroen c4 cactus bmw 2 series active tourer