In Reply to: Strange noises coming from my 95 M3 posted by jay on May 13, 1999 at 20:39:02:
The steering noise you're experiencing is your power steering pump working to it's limits. Most cars do this..my M3, Durango, Integra and every car I've driven causes this straining sound. You can also check it out while on idle and steering it all the way until it locks up and you'll hear it again and notice your RPM's drop. My advice is to avoid steering wheel lockup that is unless I'm wrong.
That clunking sound you're hearing is probably from your tranny shafts disconnecting. Although I'm not sure about this myself either.