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BMW predicts US will be biggest i8 market
Sat, 10 Aug 2013BMW will be showing a production version of its new i8 plug-in hybrid supercar at the upcoming Frankfurt Motor Show, and while we're quite excited about seeing the company's second i product in the flesh. According to a new report from Automotive News Europe, BMW is expecting its largest markets to be the United States, United Kingdom and Germany. Notable for its absence in that list is everybody's favorite mega-market, China.
Automobilwoche, a German-language publication of Automotive News Europe, spoke with the i8's product manager, Hendrik Wenders, who declared, "The US will be by far the largest sales market for the i8." Wenders stops short of actual mentioning what percentage of i8 sales will be in the US, but does mention that it should arrive in showrooms around the world in about nine months. The simultaneous rollout will occur in 50 different countries.
Check back for our full coverage of the i8's debut at the 2013 Frankfurt Motor Show. If you just can't wait until September, then check out our first drive of the i8 Prototype.
BMW 3 Series GT gets nip and tuck
Wed, Nov 4 2015We brought you spy photos of the refreshed BMW 3 Series sedan, and now the versatile, hunchbacked Gran Turismo has been caught on camera. As far as refreshed Bimmers go, the treatment for the 3GT is pretty typical. That means a new front bumper and headlights, which we doubt have been changed all that much from the freshened four-door. Changes in back differ thanks to the GT's unique rear end, but the new features – new LED designs in the taillights – will be there. It also looks like BMW has tweaked the rear bumper. Like the sedan, the 3GT will get a few interior tweaks and an iDrive update. Basically, everything we showed you back in May when the updated sedan debuted should find its way onto the 3GT. What we don't know – and what our spies can't tell us – is whether BMW will add GT versions of the 3er's newest models, the 340i and 330e plug-in. We'd expect the 340i to replace the range-topping 335i Gran Turismo, just like it has on the sedan – although a hunchbacked, plug-in hybrid hatchback might just be a bit too niche, even for a brand like BMW. Check out the short gallery of spy photos, available up top. Related Video: Featured Gallery BMW 3 Series Gran Turismo: Spy Shots Image Credit: CarPix Spy Photos BMW Hatchback Luxury bmw 3 series gran turismo
BMW i3 will come with unusual 'OwnersChoice' non-lease option
Sun, Mar 16 2014In case you were interested in driving a BMW i3 but were afraid of getting into a traditional lease, there's some good new for you. We think. BMW recently announced that it would offer something called "OwnersChoice" and "OwnersChoice with Flex" to make the elegant city EV an easier purchase. Or temporary purchase, anyway. Something called "OwnersChoice with Flex" is not listed on the federal government's consumer information page on vehicle financing and we couldn't get a better explanation out of BMW than the official announcement, but the gist appears to be that an i3 buyer can make a gigantic balloon payment at the end of the contract term in order to pay less in monthly costs along the way. The way Automotive News describes it, the typical balloon note chains the buyer to the car in such a way that, while you can get lower monthly payments, you're still on the hook for the amount of the financing even if you return the car. With OwnersChoice, if you give the i3 back after the contract is done (usually after three years), you're in the clear. With OwnersChoice with Flex, you need to pay up no matter if you keep the car or not, but you can take the $7,500 federal tax incentive and increase your balloon payment by - let's see here, what's the amount? ah, yes - up to $7,500, which would knock $208 (7,500 divided by 36) off your payment every month. BMW Group Financial Services (GFS) came up with this new lease/payment hybrid thing, and Fred Isele, BMW GFS vp of sales and marketing, says it lets owners get, "a comfortable payment for one of the highest technological and efficient premium electric vehicles available to date." BMW GROUP FINANCIAL SERVICES OFFERS 'OWNERSCHOICE WITH FLEX' FINANCING PRODUCT WITH PURCHASE OF NEW i3 -- PROVIDES END-OF-TERM OPTIONS SIMILAR TO LEASING, YET BENEFITS OF OWNERSHIP WOODCLIFF LAKE, NJ – February 25, 2014 – With the launch of the BMW i3, the brand's first premium electric vehicle, BMW Group Financial Services becomes one of the first in the industry to create a financial solution to ownership that provides eligible customers with the options to lower their monthly payment and return the vehicle at the end of their contract term. The financing product called 'OwnersChoice with Flex,' provides eligible BMW i3 customers the option to increase their final OwnerChoice balloon payment due at the end of their contract term by up to $7,500.