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 has an M Division that creates masterworks like the M3 and the automaker also has a Performance Division that creates accessories for those of us that might want an M3 but need to think of other things, like the kids' college education. Now it's been revealed that BMW has another division coming: a Motorsports Division that will sell racing components.