WOODCLIFF LAKE, NJ - The redesigned BMW 5 Series landed at the 2010 New York International Auto Show, competing with the Mercedes-Benz E-Class, Audi A6 and Infiniti M.

It will be launched in June as the 535i and 550i models, packing a 300-horsepower six-cylinder or a 400-hp V-8, respectively. Both engines have twin turbochargers, and the six now sports BMW's Valvetronic technology for lower-end power delivery than last year's 535i.

Later on next year, a 528i will arrive with a 240-hp, non-turbo six-cylinder to slot in at the bottom of the lineup. BMW says it will also offer versions of all three sedans with its xDrive all-wheel drive. There's no word on a Griswold-ready 5 Series wagon; even if one is made it might not be imported into the U.S.

BMW will pair all three 5 Series engines with its new eight-speed automatic, which is also installed on the 5 Series Gran Turismo hatchback and the V-12 760Li. The automaker will also offer a proper six-speed manual on the 535i and 550i.