From the March 7th 2002 USA Today. Note the last item
A stable of new car models
One of Panke's first tasks will be overseeing an audacious new product barrage aimed at boosting worldwide volume by a third over six years.
Besides the new 7 Series, a handful of new models and major redesigns are in the works. Among them:
Youth machine. Something called the 1 Series, targeting young buyers with a $21,000-$30,000 price tag.
Mercedes buster. A new 6 Series scheduled next year to go head-to-head with Mercedes CLK.
SUVs R Us. Two utility vehicles, one of which is based on the popular 3 Series, the other on the 7 Series.
BMW goes Rolls. A Rolls-Royce powered by a Bavarian engine and powertrain, with British handwork on the inside. (BMW assumes ownership of the British marque next year.)
Fancy pants. A new, pricey 8 Series, expected in 2004 to challenge the Mercedes SL and satisfy its wealthiest buyers.
http://www.usatoday.com/money/covers/2002-03-07-bmw.htm