MUNICH, GERMANY - It looks like BMW is bringing back the M1, based on the M1 Hommage, a legendary mid-engined, two-seater that redefined the supercar and proved a BMW could run with the best from Porsche, Ferrari, and Lamborghini, according to

BMW’s engineers are looking at a three-part structure for the chassis, consisting of a front subframe with suspension, passenger cell, and rear subframe with suspension and drivetrain. They’ll most likely be fabricated from aluminum, although a carbon fiber passenger cell is possible. As for the engine, anything in the BMW lineup will fit, but the most likely candidate is a 3.0L straight six with three turbos and about 450 horsepower, according to Whatever it gets, look for a 0-to-60 time of around 4 seconds and a top speed just north of 200. A diesel and hydrogen version also are possible.

The vehicle could be ready by 2010, but 2013 is more likely.