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The all-new BMW 1-Series five-door hatchback has only just been announced, yet bimmer enthusiasts are already dreaming up the car’s future lineup. Some of the more talented individuals went one step further drawing up renderings of the Coupe and Convertible models, which as we recently reported, may or may not carry the 2-Series sticker as part of broader change in names, and even a three-door hatchback with the famed M badge.

Follow the break to check out the creative work of the members of Bimmerpost and leave your thoughts below.

Ferrari has announced the seven design schools that have been selected among 50 contestants from all over the world, to participate in the second stage of its World Design Contest that is organized in collaboration with Autodesk.

The schools that made it to the second round are: IED and IAAD from Turin (Italy), the London Royal College of Arts (UK) the European Design Institute Barcelona (Spain), Seoul’s Hong-ik College (Korea), the DSK Supinfocom from Pune (India) and the College For Creative Studies in Detroit (USA).

The new Alfa Romeo 4C Sports Concept will receive its UK public debut at the rapidly approaching 2011 Goodwood Festival of Speed, which takes place from July 1 to 3.

Seen for the first time at the Geneva Salon in March, Italy’s answer to the Lotus Elise boasts a lightweight chassis with power coming from a mid-mounted 1.75-liter turbocharged four-cylinder engine delivering 200 ponies to the rear wheels. It can complete the 0-62mph (100km/h) sprint in less than 5 seconds and reach a top speed of 155mph (250km/h). Production is set to start in 2012.