The 2001 BMW M3 has 4 recalls, the most serious being a Takata airbag defect affecting both the driver and passenger frontal inflators, which can rupture and send metal fragments into the cabin, causing serious injury or death.
All three airbag recalls trace to the same underlying problem: the frontal airbag inflators contain a propellant that can destabilize over time, building excessive internal pressure. When an inflator ruptures in a crash, it can scatter sharp metal fragments toward the driver, front passenger, or anyone nearby. This affects both the driver-side and passenger-side frontal airbags, and the risk applies to coupe and convertible versions of this vehicle.
The remaining recall involves the parking brake. Two screws securing the parking brake cable bracket to the backing plate may not have been tightened properly at the factory. If those screws loosen and fall into the brake drum, the bracket loses its anchor point and the parking brake can no longer engage on that side of the vehicle, reducing or eliminating the vehicle's ability to hold on an incline when parked.