That car was Mid 80s.
At the very same time that car was designed Italdesign also designed the Aztek. There was talk about getting the Aztek produced except that the engine would have to be sourced from Audi instead of BMW.
None the less both cars are great looking even today!
It was a cancelled project. The engine was then used for the V12 powered Bimmers in the late 80's and early 90's. If I remember correctly that engine was the concept version of the S70, which was then used in the M8 prototype and the McLaren F1
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