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The E34 is the third generation of the 5 Series, manufactured for model years 1988–1996. It was launched in the sedan body style, with the range expanded in 1990 to include the "Touring" wagon/estate body style. The E34 was the first 5 Series to be available with the wagon body style, all-wheel drive and V8 engines.
Top touring car drivers such as Tom Walkinshaw, Peter Brock, Allan Moffat, Allan Grice and Klaus Niedzwiedz often travelled to Fuji for the race. In 1987, InterTEC was also part of the World Touring Car Championship calendar. The "Super TEC" name used for the Fuji 24 Hours race serves as a tribute to the former InterTEC race.