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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.

2017 BMW M760i xDrive is an M and a 7, but not an M7

It's still not a proper M7, but the BMW M760i has a lot to offer. For one, it comes with BMW's silky smooth, 6.6-liter V12, good for 600 horsepower and 590 pound-feet of torque. It looks elegant, even in its Geneva Motor Show-spec shade of matte gray. In terms of baller status Bimmers, this is top-shelf stuff. Or is it? As I discussed in the earlier M760i post, the newly announced Alpina B7 xDrive has just as much power, is quicker to accelerate, and will run to a higher top speed. No, it doesn't come with that awesome V12, but it's a frickin' Alpina, complete with those super rad 21-inch wheels. But I digress. The M760i xDrive (that's all-wheel drive) is quite a beast to behold, and I'm sure it'll stack up nicely with the Mercedes-Benz S600s and Audi A8 W12s of the world. Check it out in the galleries above and below. View 18 Photos The All-New 2017 BMW M760i xDrive. - Superb performance and exceptional luxury combined. - The allure of the most powerful BMW V12 production engine. - First BMW 7 Series M Performance Automobile. Today, BMW announced the all-new BMW M760i xDrive, the latest addition to the BMW M Performance line-up. With the introduction of the 2017 BMW M760i xDrive, the sixth generation BMW 7 Series adds the first M Performance TwinPower Turbo 12-cylinder to its offerings. The all-new BMW M760i xDrive combines luxurious driving, style, safety and innovative technologies while embodying M Performance dynamics with the integration of the first 12-cylinder gasoline engine with M Performance Twin Power Turbo technology. The BMW M760i xDrive will arrive early in 2017 and MRSP will be announced closer to launch. The allure of the most powerful BMW V12 production engine. The M Performance TwinPower Turbo 12-cylinder gasoline engine in the new BMW M760i xDrive has a displacement of 6,592 cc, developing 600 hp (preliminary figure) at 5,500 rpm and peak torque of 590 lb-ft from as low as 1,500 rpm. These performance figures enable the luxury sedan to accelerate from 0 to 62 mph in just 3.9 seconds (preliminary figure) and on to a governed top speed of 155 mph. During the development of the all-aluminum block, the engineers focused on maximizing rigidity while also minimizing weight. Using a closed- deck construction combined with bolts holding the cylinder head down on the bed plate of the crankcase, the engine ensures maximum stability on the cylinder liners.

BMW to announce location of new plant in Mexico in July

Volkswagen manufactures in Mexico. Soon Audi will as well, and Mercedes-Benz is said to be working on a deal to assemble some of its cars at a Nissan plant in Mexico too. That leaves BMW out of the mix of German automakers building cars South of the Border, but that may soon be rectified, as well.
According to Automotive News, the Bavarian automaker is preparing to announce the site of its first Mexican assembly plant as soon as July, now just two months away. BMW already builds cars for North American consumption at its plant in Spartanburg, South Carolina, but has reportedly been keen to capitalize on cheaper labor and the benefits of the North American Free Trade Agreement to supply vehicles to the United States and Canada especially.
When BMW does announce the site of the plant - reportedly narrowed down to either Hidalgo or San Luis Potosi - it is tipped to work its way up to 100,000 vehicles per year at the new location, potentially to include the 3 Series as well as smaller, front-drive models, including Minis.