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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.

Audi Allroad Shooting Brake showcar is a 124-MPGe hybrid E-Tron

The leaked images of the new Audi Allroad Shooting Brake that came out Friday showed us what the show car will look like, but it wasn't until the official press release came out today that we learned just how much E-Tron is hiding in its powertrain. Turns out, it's a lot. An 8.8-kWh lithium-ion battery can power the car for over 31 miles. The Allroad Shooting Brake is powered by a hybrid (gas-electric) powertrain that can put out a total of 300 kW of power (479.42 pound feet of torque) and, under the right circumstances, get the fuel efficiency equivalent of 123.8 mpg US, Audi claims. The gas side is made up of a 2.0-liter four-cylinder turbocharged engine, and then there's an electric motor on each axle. An 8.8-kWh lithium-ion battery can power the car for over 31 miles on battery power alone. There are three drive modes (EV, Hybrid and Sport). This is also the first time Audi has put its Allroad and E-Tron "form languages" together, which means this E-Tron Quattro "is not limited to paved roads" and can handle "light off-road conditions." The two electric motors help bring the car from 0-62 miles per hour in 4.6 seconds on up to a top speed of 155 mph. Audi has paid attention to shaving weight from the 3527-pound, four-seater, including making the wheels out of carbon-fiber reinforced polymer (CFRP) and using an aluminum underbody panel. We described some of the concept's visual hints in the original post (Q1?), and now Audi says that the car contains "a host of visual elements of future sports car models" (TT?). We will get our first real glimpse of the Allroad Shooting Brake show car at the Detroit Auto Show early this week, so look for live pics then, especially of the interior that is supposed to be reminiscent of an airplane and a user interface panel that is said to work like a smart phone. In the new press release, Audi's Ulrich Hackenberg said the Allroad Shooting Brake represents, "a concrete look into the near future," and we're totally fine with that. Crossover in a compact package: The Audi allroad shooting brake show car Crossover concept car is highly functional for recreational sports Powerful and efficient hybrid drive features two electric motors Prof. Dr. Ulrich Hackenberg: "A concrete look into the near future." Sporty, compact and versatile: It is with these attributes that the Audi allroad shooting brake makes its debut at the North American International Auto Show (NAIAS) in Detroit.

2015 will be the biggest year ever for cars at CES

Like the SEMA Show, major automakers are paying increasing attention to the CES, with 2015 expected to be one of the most auto focused yet. Ford, Volkswagen, Toyota, General Motors, Hyundai, Mazda, Audi, BMW and Fiat Chrysler Automobiles will all be in attendance when CES 2015 kicks off next week, taking up a record-breaking 165,000 square feet of space at the Las Vegas Convention Center. "We've come a long way from a single car on a carpet," Ford's Alan Hall told Bloomberg. Unlike SEMA, or a more traditional auto show, like the upcoming festivities in Detroit, CES doesn't necessarily focus on entire cars or the way they perform, but on the way our technology will interact with vehicles, and in how those vehicles will deliver information to drivers. "CES has become a major launch point for a lot of the big automakers," IHS tech analyst Mark Boyadjis told Bloomberg. "CES is a way for them to get on a global stage for technology." As for what kind of wares automakers will trot out in Las Vegas, we already know that BMW will show off an autonomous i3 electric car that can navigate its way through a multistory car park and can be hailed via a smartwatch app. According to Bloomberg, Hyundai will show off its own smartwatch app for the Genesis sedan, while Audi and Mercedes-Benz will show off autonomous vehicles next week. Automakers won't be the only companies looking to capitalize on CES. Tech firms, like chipmaker Nvidia, are becoming increasingly involved in the automotive game and will be in town showing their wares off to OEMs. "Two years ago, our booth would have been filled with PCs and people playing video games," Danny Shapiro, Nvidia's senior director for automotive business, told Bloomberg. "This year we made a strategic decision to shift the focus of the booth on automotive and de-prioritize some of the other things." Needless to say, you can expect to see a lot of news out of Las Vegas come next week. Stay tuned. News Source: BloombergImage Credit: Julie Jacobson / AP CES Audi BMW Chrysler Fiat Ford GM Hyundai Mazda Toyota Volkswagen Technology CES 2015