According to Reuters, BMW and Hyundai are exploring a partnership to develop new engines. The two automakers would split R&D costs for 3-, 4-, and 6-cylinder gasoline and diesel engines, which reportedly amount to nearly $2 billion.
Chung Eui-sun, the son and heir apparent to Hyundai chairman Chung Mong-koo, was recently in Munich to meet BMW's top brass, or so said Automobil Produktion, without citing sources. A BMW spokesman declined to comment on the report.
The 2013 Toyota RAV4 is one of the latest entrants in the hotly contested compact crossover segment. If I blur the lines slightly, and blend compact and midsize CUVs, they accounted for 6 out 20 of the bestselling vehicles in Canada for 2012. These things are big business.