Click for a hi-res gallery of the BMW M1 Hommage

It's a sign of the times. After having rolled out the delectable M1 Hommage concept (pictured above), one BMW board member says that the Bavarian automaker has no intention of producing a supercar to compete with the likes of the Audi R8. Instead, BMW will focus on green technologies.

The news comes straight from Klaus Draeger, the board member at the helm of the EfficientDymanics initiative. While Audi continues to produce more powerful and more desirable versions of the R8, Mercedes prepares entirely new supercars and Porsche continues to do what Porsche has always done, the company that once hailed itself as the producers of the "Ultimate Driving Machine" is more concerned with hybrids than sportscars.

Related GalleryBMW M1 Hommage

[Source: AutoTelegraaf via AutoblogGreen]