The E36 M3 GTR BMW is the road-going version of the competition machine built to compete in the 1994 ADAC German GT Cup Touring Car series. Essentially a race car with license plates, it features a stripped out interior and lightweight body panels (dropping the curb weight to 1300 kg), fender flares to accommodate the 18-inch wheels and tires, adjustable front and rear spoilers, a full roll cage and a 300-hp version of the S50 B30 engine. Only two street-legal examples were built
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| BMW GTR M3 |
Rivals such as Porsche pointed out that this car was more of a prototype as no V8 engine was available in the road-going BMW E46, which is in violation of the spirit of Gran Turismo. In 2001, ALMS regulations stated that cars must be for sale on two continents within twelve months of the rules being issued. To fulfill this rule, BMW put 10 road going GTRs on sale after the 2001 season, for 250,000 euros (then $218,000) each.
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| BMW GTR M3 |
The ALMS rules were altered for 2002 to state that 100 cars and 1,000 engines must be built for the car to qualify without penalties. Although BMW could have raced the V8 with the new weight and power penalties under these new regulations, they chose to pull out of the ALMS, effectively ending the short-lived BMW M3 GTR's career.
Two Schnitzer Motorsport GTR cars saw a comeback in 2003 at the 24 Hours Nürburgring, winning 1–2 in 2004 and 2005, as well as entries in the 24 Hours Spa. Onboard coverage recorded in 2004 Hans-Joachim Stuck, Pedro Lamy, Jörg Müller and Dirk Müller on the Nürburgring and Spa-Francorchamps.
Private teams (Scheid, Getrag, etc.) also have fit 3,997 cc BMW V8 engines into the E46 body to race on the Nürburgring, winning some VLN races in the last years.
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