Click above to watch the E92 M3 race car in action

The previous generation M3 had a short but dominant history in the American Le Mans Series. Competing in the 2001 season with a 4.0-liter V8, the M3 GTR decimated the GT (now GT2) class. Porsche cried foul, citing a lack of an "authentic" V8-powered M3 production car. Despite a small run of V8 M3s to satisfy regulations, the ALMS changed the rules so that BMW had to either produce 1000 road cars or face weight and intake restrictions. BMW decided it wasn't worth it and didn't return for the 2002 season. But with introduction of the E92 M3, BMW is free to race with a V8 unrestricted and announced their racing program in cooperation with Rahal Letterman Racing, as well as unveiling a new racecar at the Chicago Auto Show this year. We haven't heard much about the car since then, but BMW Motorsport released a video showing some pretty awesome footage of the car on track. It's design is aggressively beautiful, and we can't wait to see it rub fenders with Porsche and Ferrari next year in GT2. Follow the jump to watch the video or adorn your desktop with the gallery of images below.

Related GalleryBMW Rahal Letterman Racing M3 ALMS car

[Source: YouTube]