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Originally Posted by TurboTagTeam
All the e39 540's came with an M kit after the e39 m5 was discontinued. Bmw had all the left over M5 body panels and decided to make them stock on the remaining 540's. They are identical to m5's but there is a bar going across the front bumper, they dont have dual exhaust and they dont have the m5 mesh wheels.
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BMW also did this on the '99 E36 cars with sport package. Those cars received the M3 front airdam, sideskirts, rub strips with "///M" badge, and rear bumper. They retained the non-M mirrors though, much like on the e39 540's...