Posted: 29 Sep 2009 07:27 AM PDT

Find out whats happening in China and India, as well as other fast-growing car and truck markets. The Free Press pulls the weeks most important stories in one place every Tuesday so you dont have to search all over the Web for global auto news.

Hyundai drops out of Tokyo Motor Show

Korean automaker Hyundai motor Co. has canceled its plans to participate in the Tokyo Motor Show, according to Automotive News. Slated for late October, the show also has seen Detroits automakers drop out, as well as British sports-car maker Lotus.

BYD founder richest man in China

Whos the richest man in China? Hes Wang Chuanfu, the founder of battery and auto maker BYD Co. Wang's wealth is valued at $5.1 billion, according to Bloomberg News. Thats up from $880 million last year. His wealth skyrocketed after Warren Buffetts Berkshire Hathaway Inc. agreed to invest in BYD.

Steelmaker Arcelor Mittal focuses on slow growth

The worlds largest steelmaker a key supplier to the auto industry has shifted gears from fast-paced acquisitions to slow growth after the global economic crisis slashed production, causing steep losses. The Wall Street Journal interviewed ArcelorMittal CEO Laksmi Mittal.

C-Net reviews Honda's moving stool

Honda, which builds all kinds of engines, cars, motorcycles and robots, can now add a moving stool to its lineup. CNET calls it a robotic unicycle. See for yourself, here.

Toyota plans small family car for China

Toyota Motor Corp. said it plans to make an affordable family car for the Chinese market. The automaker also plans to boost its dealer ranks in China, which now number at 550, according to the Associated Press (via Business Week).

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Posted: 28 Sep 2009 02:38 PM PDT

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Posted: 28 Sep 2009 09:30 AM PDT

New BMW Z4 Roadster arrives in the Philippines

Asian Carmakers Corp. (ACC), the exclusive distributor of BMW cars and motorcycles in the Philippines, said it is celebrating 75 years of BMW's tradition of building convertible cars by launching the new BMW Z4 Roadster.

BMW said the Z4 Roadster is "a fascinating milestone in automotive technology," being the "only vehicle in its segment to combine classic roadster proportions." The company cited the positioning of the car's seats, which are located near the rear axle, as definitive of the Z4, which has a rear-wheel drive configuration and a fully automatic retractable hardtop. "The new Z4 offers all the driving pleasure of a
BMW roadster with particularly refined and stylish flair. Driving with the roof down, this two-seater offers a refreshingly intense experience. And driving it with the hardtop down, it provides all the comfort of a premium sports coupé. With this diversity and wide range of qualities, the new Z4 represents the rebirth of the roadster," BMW said in a statement.

"You can describe BMW's new sports car as the fast, beautiful and reliable car bound to give the ambitious sports driver one exhilarating experience after another," said ACC Sales Director Jay Cruz.
The Z4 has a two-piece lightweight hardtop that's made from aluminum. With the roof closed, the car retains the proportions typical of a genuine roadster, according to BMW.

The new Z4 is now available at Autohaus BMW in Libis, Quezon City (Tel. No. 638-0734); Autozentrum BMW in Alabang (Tel. Nos. 772-6021 to 24); Klassik BMW in San Juan (Tel. No. 722-2555); Performance Auto BMW in Cebu (Tel. No. 231-9791); Premier Cars BMW in Pampanga (Tel. No. 963-7777); and Prestige Cars BMW in Makati (Tel. No. 892-8127).