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BMW has plan to bring back their supercar M1 and this news have been coming since late September. BWM M1 will compete against with Audi R8 and the Mercedes Benz SLC Gullwing. A twin turbo 3.0L straight six engine that currently powered the 335i may equipped to the BMW M1. However BMW may consider about the BMW M3 engine or the 5.0L V10 from M5 and M6. Developing an environmentally friendly supercar is not BMW's number one priority right now, but reportedly the project is moving at a reasonable pace - hopefully news of a green light for production will be forthcoming in the next few months.