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Alpina B3 Bi-Turbo burns all the midnight oil

We've got good news and bad news for you, boys and girls, from the floor of the Frankfurt Motor Show. The good news is that the BMW M3 has come early, with a diesel, in wagon form - albeit with a different name. The bad news is that it will in all likelihood never make it to America. Which is a shame, because it's awesome.
What we're talking about, of course, is the new Alpina D3 Bi-Turbo. BMW's wickedly talented but lesser know stepchild has created a 3 Series with a 3.0-liter twin-turbo diesel six packing 345 horsepower and 516 pound-feet of torque. You - and by "you," we mean overseas buyers - can choose between sedan or wagon, as well as rear- or all-wheel drive. But the bottom line is a 4.6-second 0-62 time and a 173-mph top speed... from a diesel.
We scoped out the rear-drive wagon Alpina brought to the show, decked out in its signature blue. And you can, too, in the gallery of live shots above, along with the freshly assembled stock photos of both sedan and wagon versions in the gallery below.

BMW M235i Racing restores our faith in 'M'

Based on the upcoming BMW 2 Series and aimed at amateur and semi-professional racers, the 2014 BMW M235i Racing is a stripped-down, race-spec coupe ready to take on the Nürburgring in the VLN Endurance Championship race series against cars from Audi, Porsche and Toyota.
Obvious in the image above (click to enlarge), BMW has given the M235i Racing the wide-body treatment with a track that has been stretched by 3.5 inches. Under the hood, the 3.0-liter turbocharged inline six-cylinder receives a power boost from a stock 322 horsepower up slightly to 333 hp, while other modifications include a full FIA roll cage, a racing fuel tank and a limited slip rear differential.
The M235i Racing replaces the M3 GT4 as BMW's factory racer, and it will be priced at 59,500 euros (close to $80,000), which is about as affordable as a factory-prepped racecar can get. The full press release is posted below, but we can't wait to see this car in action next year.

BMW almost ready to roll out new 2 Series cabriolet

The 2 Series is a relatively new member of the BMW family, having been spun off of the 1 Series (itself one of the company's youngest lines) just last year. So far the range has been split between the Active Tourer and the 2 Series Coupe, but soon the latter will breed a new compact convertible to take the place of the outgoing 1 Series cabriolet, and here we have our best look at it yet.
Spied with the most minimal camouflage and its top down while undergoing its final rounds of development testing, this pre-production 2 Series cabrio looks about ready for show time. While the Active Tourer is based on a different front-drive platform, this convertible is, as you might have guessed, essentially a 2 Series Coupe with a folding fabric roof. That means rear-wheel drive (or potentially all-wheel drive if BMW extends its availability from the coupe to the convertible) win either 228i or M235i specification - both of them turbocharged, the former with a 240-horsepower, 2.0-liter four and the latter with the 320-hp, 3.0-liter inline-six.
Considering that BMW got an approximately $8k premium for the 1 Series convertible over the coupe, expect the 2 Series cabrio to start at a little over $40k for the 228i and top out at around $53k for the M235i xDrive convertible. That is, assuming BMW offers it in that top spec, because at that rate we're getting perilously close to the $54,900 base price of the 435i convertible.