With the Lotus done for Classic Motorsports, I have begun to clean up the 1991 318is I dragged out of a towing lot in Highlands NC last summer. We have made a tentaive decision that the car is a bit new for Classic Motorsports, but a perfect old school project car for GRM.
What we know is that every panel on the car is origonal. And except for a spot the size of a dime, by the left tailight, there is no rust on the car. The car has never been hit. It is all original and other than the bumpers, the paint even seems all original. It cleaned up really, really well last Friday.
The interior needs driver's and rear seats. The dash is cracked badly, The rest of the interior is in real good shape. The car has no sunroof (slick top). Presumably, there is some type on an engine issue. The radiator, power steering pump and much of the front of the engine is missing. We put a battery in it and it does turn over. I am doing compression and leak down tests next.
There has been much discussion internally over what to do with this car. The discussion has ranged from restore it to concours condtiion and make the nicest one in the country to gut it and make a race car, or do and S54 swap.
I feel the car is too nice and the cars are getting too rare and valuable to just cut up a perfect one and make a race car. I talked at length with Chris Cobetto at NASA, who told me to make a 318is a legal Spec E30 (becuase it did not start life as six cylinder variant), would not be worth the trouble. Tom Suddard looked the car over Saturdy a.m. and agreed it really is too nice to cut up.
I am leaning towards making a nice looking, but not concours, modern classic and then hopping it up a little, with springs, shocks and bars and some engine upgrades, potentially all the way to forced induction. I think I could make a really great little E30 for well under $10,000 and teach you guys about how to clean up and improve a cool odl car on the cheap. While this might not be the sexiest project idea, it is what I have the time and money to do and it probably fist most readers relity better than an LS or S54 swap.
So, what should we do and what you want to read about?d