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I'm not saying BMW shouldn't make a performance version of the 1-series. I'm simply saying they will not call it an M1.
My guess is that they will offer up a Performance package like they did on the E46.
The Corvette is still a Corvette, whether it has pop-up headlights or not. That's because it maintains the core of what a Corvette is - a large horsepower engine stuffed into a lightweight 2-seat sports car with RWD. Same goes for the M3. It's still a high-revving powerplant in a FR platform just like the original E30 M3.
The original M1 is a mid-engined supercar. The 1-series is not mid-engined nor is it even remotely close to being considered a supercar. I still contend that if there is a higher performance version of the 1, it will not be called an M1.
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