In March 1997, at the IAA motorshow, the B10 3.2 was introduced.

If you could call an Alpina a bargain, the B10 3.2 was one. It was cheaper than a 540i, almost as fast, more fun to drive, more exclusive and more frugal. In a test in the British car magazine Autocar this was clearly illustrated by the B10 3.2 Touring winning from BMW 540i and Volvo V70 R AWD.

In 1999, the B10 3.2 was replaced by the B10 3.3.

The engine of the B10 3.2 is based on BMW´s 2.8 litre unit. Alpina have increased the displacement to 3.2 litre, fitted lightweight Mahle pistons which raise the compression, modified the cylinderhead and combustion chambers and reprogrammed the Siemens management system. The result is 260 bhp and 330 Nm of torque.

The B10 3.2 was only available with a manual 5-speed ZF gearbox.

The B10 3.2 has the same suspension changes as the B10 V8. The brakes are also the same with ventilated discs all around.

As the B10 V8, the 6-cilinder B10 versions ride on 18in Alpina alloys with 235/40 tires at front and 265/35 at rear.

The interior and exterior changes are the same as the B10 V8.

The B10 3.2 is almost as fast as the BMW 540i. Alpina claims a 0-100 km/h time of 6,5 seconds and a top speed of 260 km/h.

According to Auto Motor und Sport 0-160 km/h is passed after 15,2 seconds and 0-200 km/h in 25,9 seconds.