Three problems related to gasoline engine have been reported for the 2002 BMW M3. The most recently reported issues are listed below.
Crankshaft bearings are starved of engine oil causing a series of chain reactions that ultimately blows the engine, causing engine oil to spill everywhere and form thick clouds of smoke from evaporated engine oil to come out of the car, hindering the view of others behind, and creating a dangeriously slippery surface. The engine completely shuts off, causing very possible potentially dangerous situations that are too speculative and many to list. These issues have been observed on vehicles produced within October of 2001 to feburary 2002. BMW refuses to acknowledge the problem as a defect repeatedly blames the consumer. Simply replacing the engine(which is what BMW does) is not acceptable, due to inevitable loss of value from such a disasterous failure. Furthermore, many have payed more than $60,000 for the car, excluding the premium of $2500-$15000 extra depending on dealership. BMW also does not provide people with this failure problem with any form of compensatory actions, such as loaner cars for periods as long as 2-6 weeks. (the estimated time it takes to fix the problem) dt.
Replaced under warranty at no charge by don jacobs BMW. No safety defewct mentioned.
Engine blew up while consumer was driving on highway. After pulling over consumer found a lot of pieces to engine on floor, and oil was every where. Contacted dealer, and they were not willing to do anything.