The current Z4 has been on the market since May 2009 and BMW executives said early this year that no final approval had been given for a replacement despite the completion of feasibility studies. Demand for two-seaters is largely dormant, which prompted BMW to ax the Mini Coupe and Roadster, along with the Paceman. Z4 sales fell 47 percent in the first quarter and the model accounts for just three-tenths of 1 percent of BMW brand’s volume.

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