[
QUOTE=BiMMa b0i M3]the E36 M3's have 240hp with a 3.0L single VANOS engine
the E46 M3's have 333hp with a 3.2L double VANOS engine
pretty much no difference other than style, electronics, horsepower, and torque, and maybe balancing.[/quote]
Hi there im new

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A correction needed here if you dont mind.
The 95 us bound M3 boasted 3.0 liter 240hp expansion of the single throttle, dohc, six cylinder 325i engine. Euro customers with flared-nostril inline six with 6 individual throttles, greater flowing cylinder ports and stout 286hp. Next came the bumb to 3.2 liters for both markets and 321 hp for europe, US got 240 again though with more peak torque and fatter torque curve. The US edition had a far better low and mid-rpm power than the european. Bmw claims both US and Euro E36 M3's had the same acceleration up until about 80mph(Bimmer magazine issue 1, volume 1 april 1998) where the euro seperates to the big boys league. FYI The euro car had faster lap time than the twin turbo supra as noted in Car magazine even though the supra out accelerates the king of elegence.
Electronic difference is the climate control where 95 had fan nobs that would turn and the 96+ had digital climate control and minor other features.