I knew there was one, had no idea there are two.
http://blog.caranddriver.com/bmws-m-...ren%E2%80%99t/ Scroll down.
Quote:
| Two M3 versions of the 3-series compact (the body style sold here as the 318ti) were built: one with the 282-hp, 3.0-liter engine, and one with the 317-hp, 3.2-liter engine. BMW studied bringing this car to market carefully, finally deciding not to. The idea now lives with the 1-series M Coupe. |