New rumors are circulating the web about the BMW M8 which is allegedly due in 2016 to celebrate the brand's centennial year.

New rumors are circulating the web about the BMW M8 which is allegedly due in 2016 to celebrate the brand's centennial year.

Car & Driver reports it will utilize the i8 platform and will be powered by an evolution of the 4.4-liter, direct-injection, V8 TwinPower Turbo inside the M5 (F10). The upgraded mill is expected to provide somewhere in the region of 600 - 650 bhp (447 - 484 kW) sent to wheels through a dual-clutch, eight-speed automatic transmission.

As far as styling are concerned, the same source indicates the M8 will adopt some retro design cues, while the body and structure will make use of lightweight materials like carbon fiber, magnesium, aluminum and titanium - all for the purpose of hitting a target weight of 2,760 lbs (1,252 kg).

Expect a price tag of approximately 250,000 EUR (about 326,000 USD / 211,100 GBP).

Note: BMW M1 Concept artist rendering pictured

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BMW M8 due in 2016 with 650 bhp and 250,000 EUR price tag - report