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BMW, Toyota outline new tech joint venture, new sports car

Back in June, Toyota and BMW announced a "memorandum of understanding" outlining plans for the two companies to join forces on future products and technology development. On Thursday, they signed a more formal and binding agreement that goes further into detail about the partnership, and it all sounds pretty exciting. The two announced they will work together in four main areas:
Joint development of a fuel cell system
"Set up a feasibility study to define a joint platform concept for a mid-size sports vehicle"

BMW 1 Series sedan interior revealed

The next BMW 1 Series Sedan has made another appearance following our last peek at it in September, and this time, the gallery of images even reveals part of the new car's interior.
Of course, if these images prove anything, it's that manufacturers take camouflage of the interior just as seriously as they do the exterior. We can see in these images a fairly simple cabin, with what looks like a fixed central display. It's quite small, although the housing itself is rather large, so we could be looking at a more basic form of iDrive rather than the full-featured set. Overall, though, this cabin more or less confirms that the 1 Series Sedan will fit in with the rest of the BMW family quite nicely.
Outside of the interior images, though, there isn't a lot of new stuff revealed by these images. As for when we'll see both the interior and exterior fully undisguised, our spies continue pointing to a 2016 debut with a 2017 on-sale date.

BMW M2 reportedly green-lit

A BMW M2 is on the way, according to a sub-forum in the Bimmerpost empire. Of course, we're actively enjoying a few grains of salt, just to be safe, as the post doesn't mention explicit sources, saying only that "multiple inside sources (who have been accurate in the past)," have confirmed the car.
Provided the forum is correct, though, there's some juicy information here. Production is allegedly slated for late fall 2015, with deliveries likely starting in early 2016. The new sports coupe should arrive with 365 to 375 horsepower, courtesy of an upgraded version of BMW's N55 turbocharged, 3.0-liter inline-six.
The report claims BMW also considered a modified version of the 2.0-liter, turbocharged four-cylinder found in the Mini Cooper S. That engine, known internally as the B48, would have been called the S48 for M2 duty, a significance that we're sure BMW purists would appreciate (the only BMW engine to wear an S designation was the four-cylinder from the legendary E30 M3).