Wheelies: The Grand European Tour Edition On Wednesday in London, BMW inaugurated the first showroom for its i subbrand. The dealership, adjacent to BMW and Mini stores bordering Hyde Park, will open on July 25. In a media release, BMW said London was selected as the subbrand's beachhead because it was "Europe's leading megacity." The i3 and i8 concepts - the production version of which are not scheduled for sale until 2013 and 2014, respectively - are displayed at the showroom. BMW is also the official automotive partner of the 2012 London Olympics. The 3-cylinder EcoBoost engine produced by Ford's European division was named International Engine of the Year by a consortium of automotive journalists. The standard 1-liter power plant, which is available in Europe in the Focus and scheduled to become available later this year in the C-Max and B-Max, produces 98 horsepower. Another version is rated at 123 horsepower. Ford said the 1-liter engine would be available in the United States next year, but did not specify which version or in which models it would be offered. Peugeot opened an in-house design consultancy this week in Paris. Called Peugeot Design Lab, the firm is expected to operate not unlike BMW DesignWorks, the consultancy wholly owned by BMW, by serving clients outside of the automotive industry. A portfolio of the Peugeot lab's work already includes wristwatches, a power boat, bicycles and a jet aircraft. The lab will be led by Cathal Loughnane, a 12-year veteran of PSA Peugeot Citroën. Car Design News In a Twitter message on Wednesday, Hyundai noted that the 2013 Elantra GT hatchback, which was unveiled at the Chicago auto show in February, would be priced from $18,395. The brand's subsequent formal announcement noted the price did not include a $775 delivery charge. With 148 horsepower and a manufacturer-estimated highway fuel-economy rating of 39 miles per gallon, the GT is positioned to compete against the Ford Focus, Mazda 3 and Volkswagen Golf. Hyundai The promoter of the IndyCar race scheduled for Aug. 19 in Qingdao, China, canceled the race, IndyCar acknowledged Wednesday. According to Randy Bernard, the chief executive of the open-wheel series, the promoter tried to change the date and location of the race, and after "ongoing discussions," the promoter decided to cancel the event. Mr. Bernard is contractually obligated to hold 16 races this season. Eddie Gossage, president of Texas Motor Speedway, told ESPN that he was approached by Mr. Bernard about holding the season finale at his track in Fort Worth.