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For at least two years, BMW has been teasing the idea of making a supercar, the kind that would glare with laser headlights at the Audi R8 and say, "Yeah, I'm lookin' at you." Way back in early 2008, the car was rumored to be a twin-turbo V10 with 625 horsepower. A year later, it was going to be the gentler, greener two-seat Z10 ED with a twin-turbo six cylinder and 400 hp. A year later still, the 1.5-liter, three-cylinder, hybrid i8 inherited the green supercar mantle.


Inside Line reports that BMW's M division wants to play with the other kids and develop its own car, but it's got to wait on parent BMW to say Alles klar. This isn't new; they've been public about the desire for at least two years. The holdup, naturally, is that bean-and-spreadsheet wielding boogeyman named The Business Case: any in-house M offering has to feed the profit motive before getting the okay.


BMW M1 Hommage – Click above for high-res image gallery


Green supercar. is is an oxymoron? A contradiction in terms? Not so, according to BMW, which is currently working on just such a machine. Still in its early stages, the Bavarian vehicle is not expected to hit the market until 2012 or so and will reportedly be based on the M1 Homage concept that the automaker showed just a while back. That wedge-shaped supercar will be moved by a 3.0-liter inline six cylinder engine that should receive direct injection to go along with its twin turbochargers. A v


Click above for a high-res gallery of the BMW M1 Hommage concept.


Click above image to view video after the jump


Click above for a high-res gallery of the BMW M1 Hommage

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