#M235i

On paper, the BMW M2 should deliver the full-boat of M-division goodies above the M235 — a car that has plenty of promise and fun, albeit at a price.

The M2, which BMW unveiled Tuesday, sports a fully fledged, electronically controlled rear differential, a modified oil sump, more power, wider stance and six-speed manual as standard. It tickles all the right notes for the well-heeled Munich enthusiast.

But the official announcement left plenty of questions about the car, which will go on sale next spring.

We’ve talked about BMW’s portfolio expanding faster than an American on a midwest diet before, but I’m going to do it again because it’s the key to understanding the 2-series in general and the M235i in particular.

The M235i is not an M2, it is not a 235i M Sport, and it is more than the former 135is. Are you confused yet? The M235i is the first of BMW’s “M Performance” vehicles which are not to be confused with “M Sport.”

Here’s how BMW’s new four-tier system works:

Things start with M Sport which is a “looks fast/handles well” package, then we get “is” which adds a dollop of performance, followed by the new M Performance where we put M in front of a three digit model number (M235i) denoting increased power, improved handling, improved braking and suspension tweaks, before going full-on-M.

In theory, the full treatment includes body modifications like wheel well enlargements, carbon fiber bits and a dual-clutch transmission. If you’re not totally confused yet, continue reading.

Set to make its global debut at the 2014 Paris Auto Show in October, the 2015 BMW 2 Series Convertible will enter showrooms in early 2015.

BMW’s M235i has earned the highest marks ever bestowed upon the German automaker’s lineup from Consumer Reports, while also besting the Porsche 911 and Chevrolet Corvette in road tests whose results were recently released online.

Yesterday, we brought to you a few leaked shots of the high-performance BMW M235i. Today, we have a plethora of official photos, plus more information about the 2 Series set to make its debut during the 2014 North American International Auto Show prior to going on sale in the first quarter of the new year.

BMW’s replacement for the 1-Series has been revealed in its M form courtesy of leaked photos posted to an online forum after a dealer presentation, according the lads at Autocar.