Detroit 2008: BMW announces M3 pricing

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If you've got a hankering for a V8-powered, carbon fiber-roofed ├╝ber 3-series, BMW has finally named its price for the M3 coupe and sedan. $57,275 will buy you entry into the M3 Coupe, and bargain hunters willing to settle for an extra pair of doors can get the M3 Sedan in their driveway for $54,575. The M3's come a long way since it's E30 homologation-special roots. The cylinder count has now doubled from that original car, the long serving six cylinders having been jettisoned in favor of a 414 horsepower V8. The interior of the new M3s is a level of luxury unknown to the E30, too. The optional wheel-mounted M-Drive control will allow the driver to customize engine and chassis responses, and iDrive shuffles media and navigation chores. These prices will likely be less than what typical M3s roll off the lot for, as most buyers will want to add some options, and in the world of BMW, options cost.

Press release after the jump.



Woodcliff Lake, NJ - January 13, 2008... During its press conference today at the 2008 North American International Auto Show in Detroit, BMW announced the pricing for the highly anticipated 2008 M3 Coupe and M3 Sedan. When the vehicles go on sale in March, the Coupe will be priced at $57,275 and the Sedan at $54,575. Sharing the high-revving 414-horsepower V8 and balanced chassis designed to be "faster than its engine," this March, BMW M GmbH will offer the most powerful, best performing series production M3s to the North American market.
The all-new 2008 M3 Coupe and M3 Sedan-the fourth generation of compact sport vehicles which set the standard in minimizing any compromises between race-inspired performance and luxury and convenience-feature the first V8 in a series-production BMW M3. They also feature driver-adjustable settings for crucial dynamic controls encompassing engine response, steering, damping and stability (with an available steering-wheel-mounted "MDrive" button to store the preferences) and a sumptuous interior which can be optimized to the driver's desires including the comprehensive entertainment/navigation system operated through BMW's latest iDrive controller.

Additionally, the 2008 M3 Coupe is the first production vehicle in its segment with a carbon fiber reinforced roof. The material shares the same safety properties as steel, but is four times lighter. Weighing around 11 lbs. less than a standard steel roof and approximately 44 lbs. less than a steel roof incorporating a moonroof, the carbon fiber reinforced roof provides significant weight saving at the highest point of the car-lowering the car's center of gravity-to increase agility and responsiveness while limiting dive and roll in turns.

Racing provided the reason for the original M3's 1986 creation as the company had to produce road-going homologation versions of its 3 Series Coupe to enter the motorsports version in the German Touring Car Championship. The original M3's popularity provided the impetus to continue developing the M3, making it both a better performer and more inviting road car. The M3 has continued to evolve along with the underlying 3 Series, the company's most popular, upon which it is based.

In 1987 North Americans received their first taste of the high-rpm, naturally aspirated 2.3-liter four-cylinder M3 Coupe's 192-hp and thus was born a legend on this side of the Atlantic. The next generation arrived in 1995 with a 3.0-liter (and later, 3.2-liter) 240-hp inline-six powerplant. In 1997 the first M3 Sedan joined the family and the first M3 Convertible followed shortly thereafter. The most-recent version, available from 2001-2006 as either a coupe or convertible, again was offered with six-cylinder power, this time providing 333 hp from its 3.2 liters. This vehicle was BMW's first use of SMG (Sequential Manual Gearbox) for the U.S. market.

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