In addition to the BMW 3-Series Carbon Sport Edition, the German automaker is rolling out another special edition Beamer, this time courtesy of BMW North America.The car is called the M3 "Frozen Silver" Competition Edition and will be distinguished by a number of exterior and interior enhancements that will make this 40-piece edition a unique version from the rest of the M3 lot.The special edition M3 is limited to only 40 units and was built to commemorate the 40th anniversary of BMW’s world famous M Division. Each model will come with a Frozen Silver Metallic exterior paint, which, according to BMW, is a special BMW Individual matte paintwork that adds a rare metallic luster to the vehicle. The silver paint finish is combined with complementary exterior treatments and black leather and palladium silver accessories in the interior.As far as power goes, the BMW M3 "Frozen Silver" Competition Edition will be working with the same 4.0-liter, M V8 engine found in the standard model mated to BMW’s M Double Clutch transmission. This setup delivers 414 horsepower and a 0-60 mph acceleration time of 4.5 seconds.The fact that a special edition model of the car is being offered in limited quantities - and that it’s expected to sell out faster than the time it takes for you to reach for your wallets - is proof enough that 40 years in existence has flown by that fast. And knowing how people go loco over the M3, we certainly expect BMW to hold more celebrations for their M Division in the coming years.