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To much excitement, BMW unveiled their 3-Series. BMW’s sixth version of their best selling model has monopolized headlines everywhere. Since the 3-Series first came into production in 1975, it’s sold 12 million models, and makes up 30% of BMW’s total sales.

The updated version is longer, giving more space to passengers, but actually weighs 88 pounds lighter. The extra 3½ inches in length give backseat passengers more legroom. Drivers will be able to choose between an 8-speed automatic transmission and a 6-speed manual.

BMW has announced four models: the 328i, the 335i, the 320d and the 320d EfficientDynamics. The 328i has undergone big changes, with a new twin-scroll turbo 2.0L, four-cylinder engine that gets 245hp and can get to 62mph in 5.9 seconds. The 335i gets a twin-scroll turbo, 3.0L, six-cylinder engine. The 320d and 320 EfficientDynamics both use a 2.0L, four-cylinder diesel engine, but probably won’t be available in the US.

Features include adaptive cruise control, a lane-departure warning system, surround-view cameras and an iDrive system. To help save money on gas, the 3-Series also comes with an idle-stop feature that turns of the engine when the car idles and an Eco Pro setting will help drivers maximize their fuel economy. Tired of looking down at your dash and taking your eyes off the road? Another feature of the 3-Series is the full-color heads-up display, which shows the following information on the windshield: navigation, current vehicle speed, speed limit, and whether passing is allowed.

BMW will also be introducing a hybrid to the 3-series. The ActiveHybrid 3 will be unveiled later in 2012.

The 3-Series goes on sale worldwide in February. Until then, we’ll keep you updated. Be on the look out for news in January, when the BMW 3-series will appear at the Detroit auto show.