After almost 7 years in development since September 1979, in July 1986, BMW introduced the second generation of the 7 series, known internally as the E32. Aimed at the high end of the luxury market, the car offered some of the latest innovations in automotive technology, and (beginning in 1987) a new, top-of-the-line V12 engine. Some luxury options featured on the E32 included integrated telephone and fax machines, a wine cooler, double glazing, traction control system, and a system that automatically increased spring pressure on the windscreen wipers, to keep them firmly pressed on the glass at Motorway speeds. The E32 (750i) was the first car adhering to BMW's self-imposed speed limit of 250 km/h (155.37 mph).
The car was also available in a stretched version (indicated by an 'L' from German Lang, after the model number), in which case an extra 11.4 centimetres (4.5 in) of leg room was available to the rear passengers by stretching the rear doors, and the body at this point.
The styling has been described as classic, progressive and postmodern and is credited to then-chief stylist Ercole Spada working closely under the guidance of then-chief designer Claus Luthe.
Source: Wikipedia, 2012