Autobilds current issue has an exclusive on the 1M Coupe. According to Autobild, the 1M Coupe will feature 340PS, twin turbo N54 engine, 6MT standard (DCT optional). Note: these specs have NOT been officially confirmed!

Scan and translation by southlight:

Launch in June 2011 (thats for Europe I guess)
340 PS
3.0l inline 6 with two turbochargers – same engine as Z4 35is
Flared fenders front and rear
New seats and new gauges (screenshot @ http://www.1addicts.com/forums/showthread.php?t=406297)
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The BMW 1M Coupe has been officially revealed and announced by BMW! See inside for preliminary details, videos, and photos. Expect the 1M Coupe to delivered beginning in first half of 2011.

Here are some updates on the upcoming BMW 1M — “1M” appears to be settled name for the new M-level 1-series. It is currently shooting on Lanzarotte, a Spanish volcanic island, but will shoot in LA later this summer. Look to AutoBild’s latest issue for a feature on the BMW 1 Concept M.

Shortly after BMWs victory at the 24h @ the Nurburgring, Dr. Segler, the director of BMW M GmbH sat down to give an interview with the German language publication Auto News, where he comes right out and confirms the BMW 1-Series M. He goes on to say the car will arrive in the second quarter of 2011.

Of course, for many of us forumirazzi, the existence of this car or the fact that it is a product of BMW M was … CONTINUED

Jon Sibal pens the upcoming M1 / 1M convertible, which has been said to be in the works and will debut after the coupe version. As with all of Sibal’s work, it’s an impressive and definitely plausible take on what the upcoming M1 / 1M convertible will resemble.

Any doubt that BMW is preparing to release an M version of the 1-series can now be put to rest. An M1 / 1M prototype with quad exhausts (a signature modern day M car element) has now been spotted. Until now, skeptics have pointed to the lack of quad exhaust as evidence that this is not an M1 / 1M, but some other higher performance 1-series version (i.e. 135is).

The M3 differential and control arms / links are also very evident in these … CONTINUED

To date, weve only seen two test mules so far. The earliest one was the sedona red with chopped fenders to accomidate a wider track and wider wheel/tire combinations. From the exterior, the car was simply a standard 135i with the aformentioned chopped fenders. The second car to arrive on the scene is the now famous black M1/1M we have seen on the nurburgring which appears to have the final body work (under heavy masking of course).

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I can’t get enough of the sight and the intense sounds of this car. Make sure to check out our complete BMW M1 coverage here: http://www.bimmerpost.com/m1/

Alpine325ci has done it again. This time he imagines the M1 / 1M rear view based on a recent spy photo and some clues from BMW insider Scott26. This render incorporates one of the most striking details previously hinted at — the X6M-like vents and ducts in the rear bumper. Check out the beautiful render inside.

Didn’t get enough of the BMW M1/1M clip from the Nurburgring yesterday? We bring you even more footage in this extended version clip. Over 2 more minutes of footage on and around the track!

Jon Sibal has again produced a stunning rendering of an upcoming BMW, this time the BMW M1 coupe. The M1 elements seen on this car (aggressive front bumper, hood bulge, side vent and skirts, flared fenders) look possible from spy photos and has been confirmed to be very close to the real thing by BMW insider.

As promised, here is the first ever video of the BMW M1 production body test car hotlapping the Nurburgring, as well as footage from near the track. The M1 looks fast and very firmly planted around the turns, with minimal bodyroll, as well as sounding terrific! Not enough? We will bring you more tomorrow!

These are the first photos of the BMW M1 prototype with production body performing hotlap testing on the Nurburgring in extensive chassis and handling. Previously, weve only seen the red prototype running on the track. We will have a video for you later this afternoon, so stay tuned!

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The BMW M1 photo with advanced production bodywork was spotted storming the Germany countryside. Sporting the same bodywork as previously seen here, seen is a a more aggressive front end, larger fenders, a trunk-mounted lip spoiler, big alloy wheels and cross-drilled rotors appear.

Here’s an update from Scott on the BMW M1, including the naming/badging process, launch cycle, testing schedule, filming in Los Angeles, and social media marketing.

Spotted during testing on the Nurburgring today was the BMW M1 test mule! This test mule doesnt wear the more advanced prototype M1 body as we posted earlier, but is out testing powertrain, chassis, suspension, and handling properties. We also see for the first time what could be the carbon fiber roof.

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Resident photoshop guru Gerald Alvarez has almost hit the BMW M1 design on the head with his latest beautiful render. So close in fact that BMW insider Scott26 thought that he was looking at official pictures when spotted Gerald’s latest M1 impression!

We just posted the latest BMW M1 / 1M spyshots yesterday, but Gerald Alvarez has already been hard at work photochopping the car based on the latest hints from the spy photos. He’s even added the M styling cues that are so far missing from the test mule.