Just the fact that the 1-series is on its way is big enough news, but the real deal-sealer is that the two-door hatch will debut with the highly desirable, yet under clocked, twin-turbo 3-liter, inline-six. The 135i will be the first vehicle to be offered up to American enthusiasts, with the 130i coming at a later date.
Mr. Brennan over at Winding Road stressed that the 1-series will be offered in two-door versions (with an "s") in the future, including a convertible, a proper coupe and the aforementioned hatchback.
We've already made the case for a spiritual successor to the 2002 and it seems that the boys in Munich have the same idea, but a four-cylinder engine won't make its way under the bonnet until BMW, "does a proper turbocharged four-cylinder engine." Both a twin-turbo six and a blown four? It seems that BMW may finally be making products for the market it's been neglecting for over a decade.
As for price, expect the 1-series to fit snuggly between the MINI and the 3-series, with a $5k premium for the twin-turbo'd six.
[Source: Winding Road]