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It's much the same situation Mercedes has today with the A Class and B Class. They share some similarities obviously, but still cater to different people with different needs.
I read somewhere that BMW will combine the 2 Series AT and GT into one vehicle for the next generation (codenamed U08, allegedly). If true, that should alleviate any potential overlap because the new combined offering would inherit the GT's longer wheelbase, making it a much more capacious offering than the 1 Series 5-door.
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