A new spy video shows what looks to be BMW's rumored 2-Series cabrio being flogged on the N rburgring in fine form. If you weren't yet aware, loose talk going back to 2004 indicates the Bayerische boys are working up the new model range, which will include both coupe and cabrio models, for the US market. Word is they'll be stateside (read: non-hatchback) variants of the 1-Series, designed to compete with the Volvo S40. Starting in the $25,000 range, the 2s will allegedly come with a range of fours and sixes, with a possible M2 version sporting the 335i's turbo six. Could those pleading for a new 2002 from BMW finally be getting their wish? Keep an eye out.

[via Motor Authority]

Spy Photos: BMW 1-Series Cabrio [internal]