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Alpina and BMW have an agreement that prevents additional Alpina models being sold in the US. An M3 and B3 would be too close for comfort especially in price comparison.
Alpinas success is down to its exclusivity.
Performance In a tailor made suit.
Whereas the equivalent M is the mass produced designer suit. An Alpina customer knows that he won't see the same car on the next street.
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The M850i is evidence that BMW have got their mojo back when it comes to dynamic sports cars...
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