Frankfurt, May 26: Bayerische Motoren Werke (BMW), the world's second-largest luxury carmaker, set the starting price of its new 1-series compact cars in Germany at €19,800 ($23,886), including tax for a model with a 1.6-liter gasoline engine. List prices will go as high as €24,400 for a model with a 2-litre diesel engine with 163 horsepower, BMW said in a statement. The first customers in Asia, Europe and Latin American can take delivery of their new cars on Sept. 24. Bureau Report