This model is produced since 2002 to the present time. Nowadays two generations of BMW Z4 and two body types are available - roadster and coupe. Production of cars of the first generation was arranged in Grire (South Carolina, the USA), the second generation — in Regensburg (Germany). Thanks to the perfect stylish design and excellent running characteristics, the car won world recognition quickly. There is a statue in Beijing made of stone that copies BMW Z4 in accuracy.

Release of the cars of the first generation began in 2002 and proceeded till 2005. The car has sports design which was developed by Dane Anders Warming. The double radiator grill with the chrome plated fringing are the characteristic of an exterior. Uniqueness of the design of a roadster is achieved by the convex and the concaves creating a play of light.

The fabric awning with a mechanical drive gear is included in the standard package. In an expanded complete set BMW Z4 E85 cars are equipped with the electric drive for comfortable steering of the soft roof position.

In 2002 BMW Z4 model got the Design of the Year Award from the American magazine Automobile.

The car is completed with the audio system with a subwoofer and the ten-channel booster. In the list of extra options there are seats with heating up, the electric drive and memory of settings, the on-board computer, fog lights and bixenon headlights.

BMW Z4 cars of the first generation enjoyed wide popularity: in 2004 the 100-thousand car descended from the conveyor.

Restyling of BMW Z4 took place in 2005. Changes concerned the design of the car: the rear bumper and headlights were updated. Besides, the hardware of the stabilization system and anti-blocking system was improved.

It should be noted that BMW Z4 model was released in a new body of a coupe which wasn't available earlier. Coupe height decreased a roadster by 31 mm and made 1 268 mm. Length and width remained unchanged - 4 091 mm and 1 781 mm respectively. BMW Z4 E86 got the improved running characteristics. In total 17 094 coupes were released.

The first BMW Z4 car of the second generation was presented in 2009 on the Detroit showroom. Same year the mass production of cars began.

Changes concerned the hardware, there were modern powerful engines, and also a new 7-staged robotized DKG gear box with two clutches. The design of the exterior and interior was improved. BMW Z4 of the second generation received a new body with a rigid roof which consisted of two aluminum parts and was folded into the baggage compartment automatically in 20 seconds. In 2009 the car was awarded the Red Dot Design Award.