BMW has filed "M2" and "BMW M2" trademarks recently, indicating the German automaker is considering the badge seriously enough to make moves to protect the use of the name.
According to reports, the German automaker is considering launching a 2-Series lineup that will consist of a 2-Series Coupe and convertible as well as an M version, the BMW M2. The 2-Series is likely to be the next generation 1-series coupe and convertible, but renamed as the 2-series.
As for what will become of the 1 Series badge, it will live on but only for more economy-minded front-drive BMW models that will share a platform with the upcoming next-gen MINIs.
More: BMW 'M2' Trademark Filing Sparks Rumors