This dolled-up European BMW 1-Series may just be fitted with a modified M-Package, but more likely it's a performance concept set for an anticipated debut. Either way, this "BMW Performance Studie 1-Series" was recently spotted at a dealer presentation in Germany.

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Note that the front and rear bumpers don't match those on a typical M-Package 1-Series BMW, but are similar to those seen in previous spy photos.

With the Frankfurt motor show looming in the medium distance, we'll know soon enough how jealous to be.