BMW will be replacing the familiar Z4 GT3 with an all-new racer, the M6 GT3. The new model will “take over as the manufacturer’s figurehead on the GT racing scene, and will do battle for victory and titles in many racing series around the world,” according to the automaker.

Following the announcement that they are retiring the Z4 GT3 after the 24 Hours of Spa race, they also shared some technical details for the upcoming M6 racer.

Firstly, it will be priced at €379,000 or $412,000, and according to BMW it’s far more cost effective to run and maintain compared to the outgoing Z4 GT3.

The actual power output of the tuned 4.4-liter V8 fitted with twin turbos was revealed in the announcement and it can be as much as 585 hp depending on which class it’s racing in.

The car has a self-supporting steel chassis, an FIA-approved safety cell as well as a carbon fiber crash structure at the front, plus a CFRP safety element in the back. Total weight is under 1,300 kg.

BMW will be stripping the M6 GT3 of camouflage at the Frankfurt motor show, which starts September 15.

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