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Hyundai, BMW in plant talks with Mexican officials

BMW and Hyundai may be joining the rush for the border that has already seen Nissan, Honda and Mazda begin factory construction in Mexico, while Ford and General Motors have both made significant investments in their Mexican facilities. BMW's interest in Mexico has been apparent for some time, and while we'd heard grumblings about Hyundai's move into Latin America some time ago, the last we heard about it was in 2009.
This new move, reported by Bloomberg, doesn't get specific on which models will be produced south of the Rio Grande, and as neither automakers' spokespeople responded to the business site's request for statements, all we really have to go on are the statements of Mexico's Economy Minister, Ildefonso Guajardo: "I cannot talk for them, but I think that starting 2014 we'll have new announcements. At least for one." Which manufacturer that will be remains anyone's guess, although judging by all the recent scuttlebutt that's been going around, the smart money seems to be on BMW. We'll stay with this one.

BMW 1 Series Sedan is a CLA fighter only for China

Mercedes-Benz and Audi have made solid in-roads with small, entry-level sedans. But while the CLA-Class and A3 lure in a new group of consumers, BMW's most affordable vehicles in the US are the small X1 crossover and the 2 Series Coupe. And it's going to stay that way, even though BMW just introduced a new 1 Series Sedan in China. Previewed at the 2015 Guangzhou Motor Show by the Concept Compact Sedan, the four-door 1 Series is a handsome little thing, like a scaled-down 5 Series but with better proportions. But unlike the 5er, the new 1 Series is, unfortunately, front-wheel-drive. It shares its UKL platform with everything from the Mini Hardtop and Clubman to the BMW 2 Series Active Tourer and X1. While that'd normally allow us to make a few safe guesses about the powertrain, the China-only nature obfuscates things – expect three- and four-cylinder gas engines, and possibly a plug-in powertrain. But since it's not coming here, we're less concerned with what will power the car. While BMW doesn't seem so keen on building an entry-level range here in the United States, the new 1 Series Sedan is the latest sign of how serious the company is taking the low end of the market in the PRC. Like a lot of cars sold in China, the new 1 is a product of the joint venture between BMW and Brilliance Automotive and is built in the PRC, alongside the 2 Series Active Tourer, X1, and 3 Series. Related Video:

Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.