Few cars are as storied as the BMW M3. The feel behind the wheel, the mind-bending performance figures, and the racetrack heroics have all made it a legend. And over the years, it has spawned a raft of imitators that have added more spice to the market while often failing to live up to the benchmark. We've already seen how BMW developed the first-generation M3 and the second-generation M3. Now BMW has released the third installment in a video series that will cover all five generations of the M3.

The video featured here focuses on the E46 generation M3, which ran from 2000 to 2006. In it we learn that BMW concentrated on light weight and high revs when developing the E46. We also learn that the 3.2-liter inline six-cylinder engine was all new, sharing just three parts with its predecessor. And for grins, we find out that those side vents originally had a purpose, but it wasn't necessary.

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BMW provides much more information in this video, as well as great images of the car slaying the road and track.

Check it out and try not to entertain the idea of getting a used E46 of your own.

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See more videos on our YouTube sites: The Car Connection, Motor Authority, and Green Car Reports.