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I don't think so (archive)
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Posted by LC on February 04, 2002 at 13:02:23:

In Reply to: BMWNA Rep. told me last year production will...... posted by Delev Corp. on February 02, 2002 at 14:26:57:

According to BMW USA as well as my dealer, this will be the last production year for both the M5 as well as current configuration of the 5 series. I was told to definitely expect the new body style of the 5 to appear in the fall of this year with the M5 to follow two years later.

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