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Trump reportedly says he wants to wipe German cars off the U.S. map

BERLIN/FRANKFURT — A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York's Fifth Avenue dented shares in the luxury car manufacturers on Thursday. An excerpt from German magazine Wirtschaftswoche's article, which cited several unnamed European and U.S. diplomats but did not include any direct quotes, could not be independently verified, while a U.S. Embassy spokesman in Berlin referred questions to Washington. The news and current affairs magazine said Trump had told French President Emmanuel Macron in April that he aimed to push German carmakers out of the United States altogether. Macron's administration in Paris declined to comment on the report. The Trump administration last week opened a so-called Section 232 trade investigation into vehicle imports, which could result in a 25 percent tariff on cars on the same "national security" grounds Washington used to impose metals duties in March. This could destroy exports by German carmakers, which control 90 percent of the U.S. premium market and are the biggest European Union exporters of cars to the United States. BMW owns Rolls-Royce, while Daimler has Mercedes-Benz, and Volkswagen controls Bentley, Bugatti, Porsche and Audi. Daimler, BMW and Audi declined comment. Porsche was not immediately available for comment. BMW shares were trading 0.5 percent lower at 0939 GMT, while Daimler and VW's shares were down 1 percent and 1.6 percent respectively, underperforming Germany's blue-chip DAX. Trump has railed against German carmakers before. And in early 2017, in an interview with German newspaper Bild, he said he would impose 35 percent tariffs on imported cars. At the time, the president called Germany a great car producer but said that the business relationship with the United States was an unfair one-way street. Germany's auto industry association VDA says its members exported 657,000 vehicles to North America last year, with total exports of vehicle components, cars, engines, as well as second-hand vehicles totaling 31.2 billion euros in 2016. Imports from the United States to Germany amounted to 7.4 billion euros, meaning a trade deficit of 23.8 billion euros the VDA's latest available figures show. However, German brands also have huge factories in the United States, where they built 804,000 cars last year, VDA said, providing jobs for U.S. workers. Berlin has reacted angrily to the U.S.

Next Porsche Cayman and Boxster to be called 718?

Porsche has spent a few years sorting out its strategy away from the 911 and its crossovers, among the moving targets being the now-moribund Ferrari-fighting 960, the still-very-much-alive variant(s) coming with the next-generation Panamera, and what appears to be a puissant Cayman that could be called the GT4. Earlier this year there were rumors that a flat-four engine would join the Stuttgart maker's lineup, and that it could go into a roadster called the 718 that would undercut the current $51,400 price of the Boxster, and the Boxster would go upscale, leapfrogging the $52,600 price of the Cayman. Then Porsche turned out the lights on the 718 project, its R&D head telling Autocar, "We have a very good entry point to the range with the Boxster, and we see no reason to go below that." But Automobile reports that while the 718 roadster is dead, the 718 name will live: a la the 911, a new 718 range will encompass coupes and convertibles spanning a wide performance envelope. The suggestion is that the Boxster and Cayman names will be retired. According to Automobile, this will give Porsche a place to put its flat-four engine, into entry level models that – countering Porsche's earlier statement – "come in at a significantly lower price than" the present Boxster. Two displacements are expected, in three outputs: a 2.0-liter with 285 horsepower, a 2.5-liter with 360 hp and a turbocharged version with 400 hp. It's also been speculated that the engine could power an entry-level Macan. It's been reported before that Porsche wants to make use of the 718 name to promote its motorsport heritage, that model having carried Stirling Moss to victory among its many racing triumphs. If it happens, even though Automobile calls it part of "a slight perspective shift," we think it'll be a big shift for the two popular models, but it's not like we haven't had time to get ready. We're told the new moniker will be introduced in 2016 as a 2017 model. News Source: Automobile via World Car Fans Porsche Convertible Coupe porsche 718

Car and Driver 10Best list cracked by Tesla Model S, BMW 3 Series left off

Car and Driver is keeping new blood pumping into its annual 10Best cars list with three new entries making it on for 2015 and a perennial favorite falling off. Among the biggest shocks this year is that the BMW 3 Series and 4 Series are no longer named, despite years of some portion of that lineup earning a mention. In another surprise, the Tesla Model S (specifically in S 60 trim to fit under the $80,000 cost cap) makes it to the 2015 roster and is the only electrically motivated member of the group. Despite the loss of the 3 Series, BMW isn't entirely shut out this year, because the M235i gets its name on the list. Car and Driver argues that the little coupe feels like a welcome throwback to the E46 chassis M3 of the early 2000s. In addition to the Model S, the final newbie to the annual group is the 2015 Ford Mustang GT. The inclusion of these new members knocks the Audi A6/A7 family and Ford Fiesta ST out from the 2014 rundown. The other seven models carry over from last year, including the Cadillac CTS, Chevrolet Corvette Stingray, Honda Accord, Mazda3, Mazda6, Porsche Boxster/Cayman and Volkswagen Golf/GTI. The 2015 10Best cars list certainly seems to have something for everyone from the hot hatch fan to the family man and even the green car driver, thanks to the addition of the Tesla. Head over to Car and Driver to read its detailed explanations for each vehicle's inclusion, but if you've got a difference of opinion or just really like the list, let us know in Comments. Featured Gallery Car and Driver 2015 10Best Cars List View 10 Photos News Source: Car and DriverImage Credit: Car and Driver, BMW, Cadillac, Chevrolet, Ford, Honda, Mazda, Porsche, Tesla, Volkswagen Auto News BMW Cadillac Chevrolet Ford Honda Mazda Porsche Tesla Volkswagen Convertible Coupe Hatchback Performance Sedan 10Best