2000 Bmw M Roadster Convertible With Matching Hard Top on 2040-cars

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BMW X2 in the works?

BMW could bring yet another niche-busting product to the market in 2017 if a report form a forum is to be believed. According to the BMW X1 Forum of Bimmerpost, 2017 could see the debut of the BMW X2. Yes, X2.
Allegedly, this car will ride on the UKL platform, which is slated to underpin both the next-generation Mini Countryman and BMW X1. The X2, though, will play the role occupied by the X6 relative to the X5 - that means it'll be the same basic vehicle with a more sporting (i.e. less practical) roofline. The denizens of the forum claim the X2 will only be offered with xDrive all-wheel drive, and unlike the X6 and soon-to-arrive X4, it will be available in both three and five-door variants.
We reached out to BMW for comment, and got the typical "There's no plans as of right now" statement, although spokesman Dave Buchko did add that, "It's fun to speculate."

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.

BMW confirms new Mexican plant

After over a year of speculation, BMW is finally officially announcing that it's building a factory in Mexico. The new plant will cost the German automaker roughly $1 billion US and will have a capacity of about 150,000 vehicles a year when complete. However, production won't begin there until 2019.
The new factory is being built near the city of San Luis Potosí, Mexico, with plans to employ about 1,500 people. Unfortunately, BMW is still mum about which models it's producing south of the border. Earlier rumors indicated the possibility of the 3 Series, 1 Series and maybe even Mini models there.
BMW says Mexico's multiple free trade agreements are a major factor in the choice of location of the plant. They make it possible for the automaker to ship models more cheaply to North America, parts of South America and the European Union. "The Americas are among the most important growth markets for the BMW Group. We are continuing our strategy of 'production follows the market,'" said Harald Krueger, the board's head of production, in the company's official announcement.