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i got this off of this board sometime a while ago, makes sense and clears up some of the speculation here, sorry don't remember the actual source
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The BMW M1 will follow these ideals by also offering cutting edge developments such as the Carbon Fibre Reinforced Plastic roof , lightweight body panels and aerodynamic M styling treatment. With styling taking a cue with the new BMW M3 Coupe but with the front appearance becoming more angular with a trapese shape for the central intake.
Initially available as only a Coupe and a Convertible BMW are seriously considering throwing the 3dr hatch into the mix - Although if greenlighted this would be for European/Asian markets only.
Until such a car as the M1 arrives in the meantime BMW will offer a Ltd edition 135i M-Sport - Confined to only the Coupe and 3dr Hatch only this will be the gap until the M1 comes along. To emphasize the sporting credentials of the Coupe the base petrol model will be the 120 Si using the four cylinder petrol engine that was in the limited edition BMW 320Si WTCC Car.
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but yeah shoulda called it an M2..
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