2011 Porsche Panamera Turbo on 2040-cars

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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.

Harry Metcalfe shows off his GT2-inspired Porsche 993 Turbo

There have been many versions of the Porsche 911, and the GT2 is among the greats. The hardcore variant of the iconic sports car packs the twin turbochargers from the 911 Turbo, but strips out the creature comforts and all-wheel drive. The 993 was the first generation to get the GT2 treatment, and that's just what Harry Metcalfe appears to have here. Only it isn't actually a GT2. This member of Harry's Garage is a 993 911 Turbo made to look like a GT2. That means it still has the all-wheel drive system from the Turbo model. And it also means that Harry didn't have to pay anywhere near as much as you would for a factory GT2, even on the used market. The founding editor of Evo traded in his 930 – the first 911 to go Turbo – and got this one instead.It may not be as original as his immaculate old 930, but as you can see from the video above, that doesn't make it any less of a thrill to drive. If anything, just the opposite. Related Video:

One POV lap shows 62 years of Porsche through 20 cars

Porsche has earned a legacy of motorsports success that many brands would envy, and the amazing vehicles that achieved those victories were on display this year at the Rennsport Reunion V at Mazda Raceway Laguna Seca. We visited this massive celebration of the sports car company and got a great look at some of the 1,400 Porsches in attendance. Now it's time for you to strap in and enjoy a POV lap of the track in 20 cars that exemplify 62 years of taking checkered flags across the world. This clip offers a chance to see and hear the evolution of Porsche's racers in just a couple of minutes. It starts behind the wheel of some of the early four-cylinder cars but quickly transitions to the brand's iconic prototypes and eventually to the modern track machines. Here's an opportunity to experience some of these historic vehicles from the cockpit if you missed the chance to see them at Rennsport Reunion V in September.