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E39 M5 was almost not built at all; BMW believed that the 210 kW (286 PS; 282 bhp) 540i was powerful enough, but when Jaguar released the 272 kW (370 PS; 365 bhp) XJR, and Mercedes-Benz introduced the W210 E55, which had over 260 kW (354 PS; 349 bhp) BMW responded to the competition with a 294 kW (400 PS; 394 bhp) M5.
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