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It's not as late as you think...
The 1er Cabrio is in contract until 2013. And they have built two Cabrio prototypes... As a cabrio the 1er has a very solid structure with no body flex. And such attributes are desired by M.
We are in wait and see mode.
When official announcement of 1M Coupe it will determine whether demand will stay , increase or falter when the full specification is known.
If the Coupe sells out then you will see a Cabrio , It all depends on sales response.
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