Yes. It is already in the works and the people from AutoExpress have rendered these images as to how the 4 series will look like in 2014 when it is to be released. Its meant to 'complement' the 3 series range and to battle for supremacy with the Audi A5 Sportback.

Originally thought to be a 3 series variant called the GT (as with the 5 series GT), BMW have decided to go with the 4 series to pitch the new car between the 3 and 5, obviously. But they have used the 5 Series GT as a base, only miniaturized it to become a smaller GT which is rather ugly. Supposedly, consumers are meant to experience a more 'premium' feel in the 4 series compared to the 3 but in other words, it just shouts to the world that you can't afford a 5. Underneath, there will be a stretched version of BMW's new rear-wheel drive system to optimize the interior space and the bootlid can either be opened like a hatchback or a conventional boot. However, don't expect serious performance like the 3 series offers, this is meant to soothe your brow as your drive along in comfort. Suspension setups will not be as hard as the 3 series as the focus is mainly on the passengers' comfort.

All Wheel Drive X versions will also be available while the powerplant will either be the latest latest four and six-cylinder petrol and diesel units, including the new 245bhp 2.0-litre four-cylinder petrol introduced on the X1.