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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.

2014 Audi S1 Quattro leaks ahead of reveal

Rumors have been swirling that Audi will unveil the next-generation TT at the 2014 Geneva Motor Show, but now it seems as if European hot hatch fans will be getting a car of their own from the German automaker. Images of the S1 Sportback Quattro have leaked out today, giving us our first taste of the real thing after seeing the camouflaged version a few months ago.
Audi may be planning to release official details about the S1 and refreshed A1 tomorrow and debut them publicly in Geneva. The S1 is expected to use the Volkswagen 2.0-liter, turbocharged four-cylinder with about 230hp, all-wheel drive and a choice of six-speed manual or dual-clutch transmission. It is basically supposed to be Golf GTI in a tiny package with all-wheel drive.
While it is highly unlikely we are getting any version of the A1 on these shores, it's always fun to see the cars lucky European enthusiasts enjoy.

Witness the Prologue to Audi's design future [w/videos]

Audi went Hollywood for its debut of the forward-looking Prologue concept car last night, pulling the silks back at a sprawling LA manse in the hills. The cost-no-object unveiling of the car, as well as its prominent positioning at this year's LA Auto Show, speaks to the importance with which the company views the styling you see here.
Prof. Dr. Ulrich Hackenberg, maharishi of development for the three-rings brand, made two important announcements at the presentation: reiterating publicly his endorsement of new styling chief Marc Lichte, and telling us that Prologue design will be found on upcoming production versions of the A6, A7 and A8.
Take a close look at that imposing face on the Prologue - an amped up revision of the single-frame shield grille that has appeared on new models like the TT already - and get used to it. Lichte called out the grille as the new face of the brand, so we fully expect its deployment across the range as the 2016 models roll out.