BMW has finally confirmed that it developed an M5 convertible 20 years ago, but canned it a week before it was due to be launched due to sales concerns.
The long-rumoured car was shown to a select group of journalists at an event celebrating 25 years of the BMW M5, and autocar.co.uk has obtained exclusive photos.
BMW confirmed that the car, which had two lengthened front doors and seating for four, had been developed for sale at a price of £50,000.
It was all set to be launched at that year's Geneva motor show, with BMW booking space for it on its stand, but a week before the event it was canned.
BMW confirmed that it was abruptly dropped as it believed it would result in demand for non-M 5 Series convertibles, which could have harmed sales of teh highly-profitable drop-top 3 Series.