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BMW says current M3 sold out, no new AWD M models planned

Car and Driver asked the head of BMW M, Friedrich Nitschke, a few questions about what the go-fast division had in mind for the future, and was rewarded with some enlightening answers. The best news to purist ears is that Nitschke said customers don't want all-wheel drive on their M cars, so it's the rear wheels alone that will propel new product into the future. If you want both an M badge and four driven wheels, it's the X5 M, X6 M and M Performance models you're looking for in the catalog.
"Mixed bag" is the phrase you're looking for regarding the other answers. Nitschke said that future M engines "at the core of their architecture" would "be closer to BMW AG engines" that are optimized for M cars, instead of following in the line of unique marvels like the V10 and naturally aspirated V8. They will keep the high redlines, however, with Nitschke saying "there is room beyond" the 7,000 rpm mark in BMW's current V8 turbos.
Managing weight will keep the same priority for M that it is for every other brand, so electrically assisted power steering is coming, as is an "unconventional" materials mix. At the smaller end of the M scale, Nitschke described three-cylinder engines as "attractive," saying that the brand can produce more than 310 horsepower from a three-pot.

Meet the inventor of the BMW 3 Series wagon

It's hard to imagine, but once upon a time, there were only two BMW 3 Series variants: the coupe and sedan. Back before gran coupes, convertibles and yes, even touring models were available, buyers could only get their 3 Series fix if it came with two or four doors and a fixed roof. Back in the mid '80s, BMW engineer Max Reisbock was having some trouble fitting his whole family into his four door. Rather than suck it up and buy a van, he picked up a wrecked 3 Series and got to cutting in a buddy's garage. Months later, he had the very first 3 Series Touring ever built.
At first, he kept the the car to himself, using it to haul friends and family around, but he eventually showed it off to his friends at work. When the BMW executives found out about his project, they called him up to take a closer look. After putting an eyeball on the car, they took it, copied his design, made a few tweaks and quickly rolled out the first production 3 Series Touring. How's that for validation? Check out the video below for Reisbock's story.

BMW 4 Series spied with its future competition

BMW showed off its new 4 Series coupe in concept form at the 2013 Detroit Auto Show earlier this year, but it won't be long before we see the production model, evidenced by this modestly camouflaged prototype spotted testing. In case you forgot, the 4 Series serves as the replacement for the two-door versions of the BMW 3 Series, just as the upcoming 2 Series will effectively be the new version of the 1 Series coupe and convertible sold in our market.
This isn't our first glimpse of the 4 Series out testing, and we've even spied its droptop, Gran Coupe and too-hot M4 kin. We don't expect the final design to stray too much from the concept car seen in Detroit, albeit without the normal conceptual goodies like oversized wheels and with the overstyled front fascia toned down a bit. Our spy photographers even caught the 4 Series coupe hanging out with an Audi A5, giving us a good glimpse at how the two cars will stack up in terms of size and design.
It's still unknown exactly what engines will power the car when it comes to production, but since this thing is a derivative of the 3 Series, we expect the usual range of turbocharged four- and six-cylinder engines to be available, likely in 428i ad 435i guise (though, to be fair, the larger 640i coupe uses a 3.0-liter turbo engine, so there's even the potential for 440i nomenclature to work its way into the mix). We'll have to wait until the car officially bows later this year to know for sure.