BMW has cancelled its sleek CS four-door coupe in what’s being seen as the company’s latest response to the global car sales crisis.

The CS - which has already been previewed as a close-to-production concept car - would have shared a platform with the 7 Series.

Despite this, BMW boss Norbert Reithofer said the Mercedes CLS rival wouldn’t have met “internal requirements for rates of return.”>>Read more on the next BMW supercar

Profits are 62 percent down at the German automotive giant compared with last year. The firm has already confirmed that it’s stopped development work on the X7 SUV.

BMW now plans to focus heavily on Project I, its future plan to devise a new range of sustainable urban transport solutions.

Will Powell