As a reminder, the 2011 5-Series is based on a newly developed vehicle architecture also featured in the 5-Series GT as well as the 7 Series luxury sedan.
The 530d is powered by a 3.0-liter turbo diesel with 245hp and 540Nm of peak torque (398 lb-ft) that propels the car from standstill to 100km/h (62mph) in 6.3 seconds and on to an electronically-limited top speed of 250km/h (155mph).
BMW claims that the 530d returns a combined fuel economy in the EU cycle of 6.3lt/100km or 37.3 mpg US.
The new 535i gets a new 3.0-liter straight-six with a single, twin-scroll turbocharger pushing out 306HP and 400Nm (295 lb-ft) of torque for a zero to 100km/h (62mph) sprint time of 6.0 seconds and an electronically-limited top speed of 250 km/h or 155mph.
The petrol model returns a combined fuel economy of 8.5lt/100km or 27.7mpg US.
In Europe, the new 5-Series will also be available with two more diesels, a 184HP 2.0-liter four-cylinder unit (520d) and a 204HP 3.0-liter inline six (525d) as well as three more petrol engines, a naturally aspirated 3.0-liter straight six with 204HP (523i) and 258HP (528i) and a twin-turbocharged 4.4-liter V8 with 407HP (550i)>
All versions of the new 5 Series saloon are available as an option with BMW's new eight-speed automatic transmission.