This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Top New Cars At Detroit Auto Show

2012 BMW 3-Series
Congrats to Cadillac for unveiling the ATS, but the competition is not exactly standing still.

Hours after Cadillac unveiled the ATS, BMW showed its 2012 3-Series, which is faster, roomier and more fuel efficient than its predecessor.

The car will go on sale in February and will be available in a hybrid.

"BMW has taken very few risks with the car that accounts for a third of its total sales," said Edmunds' InsideLine.com contributor Michael Taylor. "Such is the planning in Munich that the 3 Series shares parts with other family members, both lesser and greater."

BMW had a good year in 2011, posting its best sales results ever as worldwide sales rose 14%, to 1.7 million. In the U.S, a 15% December sales increase enabled BMW to surpass Mercedes as the No. 1 luxury brand, with annual sales of 247,907. The two had battled to replace Lexus as the top luxury brand in the U.S.

"BMW Group sales momentum has been increasing all year and this new burst of consumer confidence filled our dealer showrooms, putting BMW over the top," said Ludwig Willisch, CEO for BMW of North America, in a statement as December results were announced -- a bit late because initially BMW and Mercedes hesitated to report sales, given the intensely close competition.

BMW announced Thursday that it will spend $900 million to expand its Spartanburg, S.C., plant, enabling it to build 350,000 vehicles a year, many of them for export. The plant produces the BMW X3, X5, and X6 SUVs.

6 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
F $15.81 0.00%
GM $35.42 0.00%
HMC $34.22 0.00%
TM $139.96 0.00%
AAPL $128.95 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs