One problem related to tire sidewall has been reported for the 1998 BMW M3. The most recently reported issues are listed below.
On October 13th at approximately 1800hrs the left rear tire of my 1998 BMW M3 "rapidly deflated" resulting in a rollover crash. Approximately 1/4 of the inner sidewall was left shredded. Weather was sunny and warm, with no debris or contamination on the road surface(sr-62). The tire was installed by a BMW service center 5/7/08 at 68,814 miles, accident occurred at 82,943 miles. The dunlop 8080e p245/40 zr-17 dot# dmc903y1607 was determined to have good tread at the time of the accident by the California highway patrol and the tire pressure was checked three days prior.