2002 Bmw M3 Base Convertible 2-door 3.2l 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.

Nokia Here Purchased by BMW, Audi, Daimler | Autoblog Minute

In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia?s Here mapping technology. Audi BMW Autoblog Minute Videos Original Video Nokia nokia here

2017 BMW 3 Series GT update includes two new engines

BMW has treated the hatchback 3 Series Gran Turismo (not to be confused with the hatchback 4 Series Gran Coupe) to some updates for the 2017 model year. The biggest change is the introduction of the company's latest four- and six-cylinder engines, but along with them come some updates to appearance and equipment. Of the 18 powertrains BMW will offer globally in the 2017 3 Series GT, the United States will once again receive only two. Both of the new 3 GT engines come from BMW's latest modular engine architecture, which spits out three-, four-, and six-cylinders. Replacing the previous 328i Gran Turismo is a new 330i, powered by a 2.0-liter turbocharged inline-four good for 252 horsepower (instead of 240) and 258 pound-feet of torque (up modestly from 255). The outgoing 335i is replaced by the new 340i, with a 3.0-liter turbo six rated at 326 hp and 332 lb-ft, up from an even 300 hp and 300 lb-ft for the outgoing 3.0-liter six. Both models come standard with xDrive all-wheel drive and an eight-speed automatic as before. The 340i and its new engine have already made it to the refreshed 3 sedan launched last year, while the 330i and its four-cylinder are not yet part of the sedan or wagon lineup (or the 4 Series, for that matter). We expect the engine and name change to migrate to them in the next year or so. In addition to the engine updates, the 2017 3 GT also receives visual tweaks like those on the 2016 sedan, including new LED headlights, taillights, daytime running lights, and fog lights. Matte chrome exterior trim now comes standard, and there's a new rear bumper design. The interior gets chrome accents and a few other changes that we found helped make the sedan feel a bit more rich, fixing the downmarket feel of the early 3s of this generation. The latest iDrive infotainment, version 5.0, is also included with the navigation option. Buyers will again be able to select from a variety of option bundles including Luxury, M Sport, Lighting, and Cold Weather packages. The car's structure remains unchanged, which means the same hatchback body and longer wheelbase that bridge the gap between the sedan and wagon. It's a style-practicality compromise that continues to be polarizing, but at least the 3 gives you options. Related Video: The new BMW 3 Series Gran Turismo. BMW is preparing to launch the latest BMW 3 Series Gran Turismo in time for the start of summer.