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I dont think its an M3...it is never said anywhere in the video that its an M3 and it has silver trim vice shadow trim which makes me think it is probably a E46 Coupe Carcass.
While I agree putting a chevy engine in a BMW is nothing short of ridiculous.... there are many E36's running around with LS1's under the hood. The LS1 is not only extremely light but also capable of extreme amounts of reliable power and I would hate to ever underestimate one.
Jason
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