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BMW i8 wins 2015 Car Of The Year award in UK

Those Brits sure do like those Bimmers, don't they? The BMW i8 plug-in hybrid was recently awarded UK Car of the Year from a group of more than two-dozen British automotive journalists, UK's Telegraph reported. Last year's winner of the first-ever such award? The BMW i3 electric vehicle. The i8 was feted for its combination of performance, styling and fuel efficiency. The car pairs a three-cylinder gas engine with a 96-horsepower electric motor and can go from 0-60 miles per hour in just over four seconds while having a fuel-economy rating of 76 MPGe. Last November, the i8 was given Autoblog's 2014 Technology of the Year award and the 2015 Luxury Green Car of the Year by Green Car Journal, so the British journalists are not alone in their sleek PHEV love. "This is a truly great honor for BMW's visionary car and proof that sustainable mobility can be beautiful and fun," BMW spokesman Kenn Sparks told AutoblogGreen. Other winners for individual categories from the UK this year included the Rolls-Royce Ghost (which won for Best Luxury Car), Ford Mondeo (Best Family Car) and Renault Twingo (Best City Car). Check out our First Drive impressions of the i8 here. Related Video: Featured Gallery 2015 BMW i8: First Drive View 62 Photos News Source: Telegraph via Hybrid Cars Green BMW Hybrid car of the year

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 predicts US will be biggest i8 market

BMW will be showing a production version of its new i8 plug-in hybrid supercar at the upcoming Frankfurt Motor Show, and while we're quite excited about seeing the company's second i product in the flesh. According to a new report from Automotive News Europe, BMW is expecting its largest markets to be the United States, United Kingdom and Germany. Notable for its absence in that list is everybody's favorite mega-market, China.
Automobilwoche, a German-language publication of Automotive News Europe, spoke with the i8's product manager, Hendrik Wenders, who declared, "The US will be by far the largest sales market for the i8." Wenders stops short of actual mentioning what percentage of i8 sales will be in the US, but does mention that it should arrive in showrooms around the world in about nine months. The simultaneous rollout will occur in 50 different countries.
Check back for our full coverage of the i8's debut at the 2013 Frankfurt Motor Show. If you just can't wait until September, then check out our first drive of the i8 Prototype.