After tearing up the Green Hell and setting a record for the fastest time for a production wagon, BMW has finally taken the camo off its newest high-performance M model.

Here is the all-new BMW M3 Touring and its BMW M's 50th birthday gift to itself. Joining the M3/M4 Sedan, Coupe, and Convertible models, the M3 Touring is now perhaps the most practical (and most spacious) M performance model to date.

2023 M3 Touring is BMW M's 50th birthday gift to itself image

While some of you might think that BMW just stuck the M3's nose onto a wagon body, you're actually mistaken. The long-roof version is actually longer and wider than your regular M3 in order to accommodate the M-specific rear axle. And since it's a longer and bigger vehicle than the M3/M4 models, BMW put additional bracing for added rigidity and stiffness for improved handling.

The result is an extra 90kg of added weight for the M3 Touring. However, BMW says that despite being heavier, the vehicle has a 50:50 weight distribution and has a massive 1,510 liters of cargo space when the rear seats are folded flat. If the rear seats are deployed, BMW says it still provides a generous 500 liters of luggage space.

2023 M3 Touring is BMW M's 50th birthday gift to itself image

Putting stuff in the back is also made easier thanks to an automatic power tailgate function and a rear window that can be opened separately. For added convenience, it has a storage compartment underneath that provides additional space for small items.

When it comes to amenities, the M3 Touring has the familiar appointments and luxuries as its M3/M4 counterparts. From the 14.9-inch curved infotainment screen running the latest OS 8, a 12.3-inch digital instrument panel, three-zone climate control, LED ambient lighting, and a hi-fi sound system, the M3 Touring is loaded.

2023 M3 Touring is BMW M's 50th birthday gift to itself image

Complementing its wide array of in-car amenities are the (optional) two-tone red cabin, carbon-fiber bucket seats, a three-spoke leather steering wheel, and a heads-up display. It also comes with various M-specific settings and features like M Traction Control, M Drive Professional, M Drift Analyzer, and M Laptimer.

At the heart of the M3 Touring is a 3.0-liter TwinPower Turbo inline-six derived from the M3/M4 Competition. It cranks out an impressive 510 PS along with a meaty 650 Nm of torque. Power is then sent to all four wheels via an 8-speed automatic transmission and xDrive 4WD system.

2023 M3 Touring is BMW M's 50th birthday gift to itself image

Coupled with the Active M Differential, BMW says the long-roof M3 can sprint from 0 – 100 km/h in just 3.6 seconds, 0 – 200 km/h in only 12.9 seconds, and achieve an electronically-limited top speed of 250 km/h. Opt for the M Driver's Package, and the top speed is increased to 280 km/h.

While xDrive comes as standard, drivers who wish to play around with the M3 Touring can adjust the drive settings and select 4WD Sport Mode for a more spirited driving experience. Drivers can even turn off the Dynamic Stability Control (DSC) in order to set the drivetrain to RWD for the ultimate in sheer driving pleasure.

Order books for the all-new M3 Touring will open in September 2022 with deliveries set for countries like the UK and Germany starting in December of this year. Meanwhile, other markets like Australia, Asia, and other parts of Europe will follow suit.

2023 M3 Touring is BMW M's 50th birthday gift to itself image

Those attending the 2022 Goodwood Festival of Speed this week will be the first to see the M3 Touring in the metal.