I have a 97 m3 and since I got the car it had smoked horribly on start up. I was going through coolant all the time and found it to be a busted radiator. I changed the radiator and all the hoses and no more smoke.
The luckiest man alive!
Might want to do a compression check to see that the engine is still healthy.
Attn. NEWBIES: Use the search feature, 98% has already been discussed.
Click the search button, select "search single content type", select the "e36 sub forum" specifically, try the "search titles" then try the "search entire posts".
I know I got lucky with that fix.
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