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Even for a company that employs so many people rocking fast footwear, BMW Motorsport’s launch of a lightweight E46 M3 back in 2003 – the now iconic and appreciating CSL – was big news.

BMW revealed a custom M3 GTR race car built to match the halo car from the 2005 release of Need for Speed: Most Wanted. The E46-era M3 has a stripped interior with a single racing seat and a full roll ...