The story
History: facts, each with its source
The S54 is the high-performance six of the E46 M3. Unlike the M54 its block is cast iron, it redlines at 8,000 rpm, and a scavenging oil pump keeps it fed in hard corners. US and Canadian cars make 333 hp and 262 lb-ft.1
BMW Tuning says the S54 has aged well, and that most of its flaws are wear rather than design.2