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The 135i and M235i have been called the spiritual successor to the E46 M3. I expect the M2 to be more than that. How good it is will depend on how much BMW does with lightweight materials since it is going to be 40 or 50 hp short of the M4. The M4 (and the new 3 and 4 series) have gotten very large, probably due to US efficiency regulations that allow more emissions from vehicles with a larger footprint.
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