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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.

2013 BMW M6 Coupe

The Act And The Exclamation
The 2013 BMW M6 is a rolling obscenity - one that begins with the capital letter "F." It is both the act and the exclamation, the curse and the encouragement. It courts no logic. It is all want and no need, and it is unbecoming of the BMW roundel. Whereas the brand's products once strove to unite man and machine in a duet of blissful performance, the M6 seems built solely to stand between the driver and the road. You are very clearly in its way every second you're behind the wheel, slowing it down and generally being the Monday morning to its two-day trance festival. It's clear this car is very fast, but it has no interest in making you fast in the way that the M3 or even the M5 are wont to do.
But somehow, all that doesn't stop the car from stoking every last lick of lust in your gut. A 560-horsepower twin-turbocharged V8 will do that for you.

2014 BMW X5 configurator goes live

BMW won't begin selling the 2014 X5 for another few months, but the German manufacturer has brought the third-generation SAV's configurator online, allowing interested customers to poke around and look at the X5's optional goodies.
Like the 3 Series, the X5 is available in a number of lines that load up extras automatically. There's also a do-it-yourself truck that allows owners to pick and choose if they're not enamored with the styling or trim of one of the dedicated packages. As usual, the options list is quite vast, regardless of which line is chosen. We were able to easily take the new, rear-drive X5 sDrive35i, which started at $52,800, and bring the total price up past $80,000.
The new X5 carries over its 4.4-liter, twin-turbo V8 from the current model, as well as BMW's excellent 3.0-liter, turbocharged inline-six. The X5 xDrive35d, with the 3.0-liter turbodiesel will also be available on the third-generation SUV, but won't hit dealers until early 2014. BMW is stepping outside of the X5's usual bounds, offering a dedicated rear-drive model, available with all the same trimmings as the xDrive vehicles. Head over to BMW's US consumer page and have a go.