Apart from looking towards Asia, some are suggesting BMW should revive British icon Triumph. BMW already owns the Triumph brand alongside Rolls-Royce and Mini.
The Bavarian based company is no stranger to bringing back the dead, having done such a great job with Mini.
However, compared to Mini's comeback, BMW will most likely face a more challenging task with the Triumph brand, which disappeared in 1984. Some of the British manufacturer's best remembered cars include the 1950s TR3, 1960s TR4 and 1970s TR6.
Industry experts believe Triumph's revival doesn't have to be an extremely hard process, using a shortened rear-wheel-drive architecture already in use in the BMW 1 series along with a whole variety of engines available to the company, BMW can produce two-passenger roadsters and coupes.
The Triumph range can be positioned between Mini and BMW, with the cars sitting below the Z4.
Although it would have been great for BMW to revive MG or Austin Healy, Chinese manufacturers have bought the two legendary British names. In another interesting note, M.G. no longer stands for Morris Garages, with the brand's new owners (Nanjing Automobile) deciding Modern Gentlemen is more fitting.
To read more on Triumph click here. If not Triumph, which brand should BMW bring back?