The BMW E34 is the third generation of the BMW 5 Series, which was produced from November 2, 1987, until 1996. Initially launched as a sedan in January 1988, the E34 also saw a "Touring" station wagon (estate) body style added in September 1992, a first for the 5 Series. 

The E34 generation marked the first time all-wheel drive was incorporated into the 5 Series with the 525iX, and the first V8 engine to be used in a 5 Series. The E34 also saw the introduction of stability control (ASC), traction control (ASC+T) a 6-speed manual transmission and adjustable damping (EDC) to the 5 Series range.