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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.

The Aficionauto gets his hands on Back To The Future BMW

When thinking about the cars of Back to the Future, Doc Brown's iconic DeLorean is surely the first one that jumps to mind. However, the latest video from The Aficionauto tracks down a more obscure but still rather cool vehicle from the series. Host Christopher Rutkowski heads to Connecticut for a difficult drive in Griff's screen-used 1976 BMW 633 CSI from the second film in the trilogy. Owner Jeff Chabotte bought the car in thoroughly neglected condition and spent weeks with his father and son bringing the futuristic Bimmer back to life. The slew of scoops and nacelles behind the seats might not be aesthetically beautiful, but they're authentic to the appearance in the film. For authenticity, Chabotte even keeps the busted taillight from Griff hitting it in the movie. As Rutkowski finds during his drive, Griff's BMW poses absolutely no threat of chasing down the DeLorean to 88 miles per hour. There's actually a pretty good reason for that, though. The interesting story involves how the producers procured this gray-market 633 CSI to be in Back to the Future II. Related Video:

Mini JCW Paceman vs. BMW M135i in family faceoff

Over the last year, we've had the chance to drive two of the most exciting hatchbacks in the BMW family - the BMW M135i and the Mini Paceman John Cooper Works - but Autocar has managed to get the two corporate cousins together for a head-to-head comparison. Just like our initial impressions of the Paceman JCW, Autocar has little to complain about this new 215-horsepower hatchback... until it begins to factor in the faster, better-mannered and similarly priced M135i.
Despite laying down an extra 100 hp and delivering a 0-60 time that is almost two seconds quicker, the M135i carries the same price tag of 29,535 pounds in the UK; US pricing for the Paceman starts at $36,200, while it still isn't even clear if the US will be getting the M135i. Even more surprising is the fact that the Paceman falls short of the M135i in regards to rear seat and cargo volume, and just barely squeaks out a win in the fuel economy department. Scroll down to watch the BMW versus Mini hot hatch battle.