Just as we previously reported, this summer will see the introduction of the BMW 140i as well as the M240i in both Coupe and Convertible guises with and without xDrive. The new models have been unveiled today by the Germans and they bring a couple of interesting add-ons to the range. The new M Performance 2 Series cars will be replacing the current M235i versions and will be fitted with the new B58 3-liter inline 6-cylinder engine, delivering 340 HP instead of 326 HP, the same unit from the 340i. The torque figure will also go up to a hefty 500 Nm (369 lb-ft) of torque, matching the M2’s twist figure, when on overboost.

As standard, all models will come fitted with a 6-speed manual gearbox, be it the M24oi Coupe or Convertible. The latest generation of the 8-speed automatic Steptronic gearbox is also available and the only one you can go for if you prefer all-wheel drive.

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For the M240i Coupe models, the sprint to 62 mph (100 km/h) from standstill takes 4.8 seconds in manual rear-wheel drive guise and 4.6 seconds when fitted with the automatic gearbox. For the xDrive model, the same sprint takes 4.4 seconds, once again, faster than the manual M2. For the Convertible M240i, the figures stand at 4.9 seconds for the manual RWD model, 4.7 seconds for the Steptronic-equipped models and 4.6 seconds for the AWD versions.

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Along with these improved performance figures, thanks to the new B58 engines, the M240i now also claim to have better mpg ratings. In the European test cycle, they are claimed to be 7 percent more efficient. The BMW M240i Coupe boasts fuel consumption figures of 331. mpg (7.1 liters per 100 kilometers. The M240i Convertibles will do 28.3 to 31.4 mpg (7.4 l/100km to 8.3 l/100km).

Design-wise the cars remain the same. The Feric Grey accents on the front bumpers as well as the side mirror covers done in the same color will still be the clearest clue to separate the M Performance models from the M Sport versions. The M Sport package still comes as standard, while the suspension height was dropped by 10 millimeters compared to the standard 2 Series models.

Inside, you’ll find cloth/Alcantara sports seats with blue contrast stitching, the M leather steering wheel and an M driver’s footrest as standard.

Deliveries of all new models will begin this July.