detroit auto show roars to life
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bring on the power

Detroit auto show roars to life

Arab Today, arab today

Arab Today, arab today Detroit auto show roars to life

Mercedes-Benz's F015 autonomous electric car
Detroit - Arab Today

Luxury and performance vehicles look set to steal the headlines at the first major international auto show of the year in Detroit, further proof the industry is back to its boisterous best after near-collapse.
The world's top vehicle manufacturers were Sunday putting their finishing touches to their extravagant display stands and there was no mistaking the prevailing sense of optimism and anticipation.
The US auto industry last year clocked up its best year in sales in nearly a decade and, with the low cost of gas and low interest rates, has created what analysts are calling a near-perfect storm.
With host Detroit now on the long road to recovery after the largest municipal bankruptcy in US history, experts are expecting the North American International Auto Show to let its hair down.
More than 40 new car and truck models are forecast to go on display from Monday, when the show opens its doors to the media.
All the talk points to the luxury sector as being the one to watch this year.
"I’m convinced the US economy and auto market are on the same upward trajectory as the city of Detroit," Mercedes-Benz chief Dieter Zetsche said Sunday, presenting the new GLE Coupe -- a hefty combination of power and luxe -- at an upscale downtown hotel.
Much of the pre-show buzz has surrounded a new incarnation of Honda's legendary Acura NSX supercar and Ford was expected to roll out one of its own in the shape of an eagerly awaited new GT.
"The NSX is going to be beautiful. This is what you go into journalism for," said Scott Burgess, Detroit editor at Motor Trend.
"You could almost have a motor show just for the NSX."
Ford's refusal to give any information away has served only to whet appetites and increase speculation.
"Ford has been the quietest in not telling us what they have," he said.
Not to be outdone, Cadillac will show off its most powerful product in the brand's 112-year history, the new 640 horsepower CTS-V. And then there will be Lexus with it GS F performance sedan.
- 'Good and bad' -
"It's a very exciting time to be a luxury brand in the US. Luxury cars are making inroads into the mass market," said Ravi Shanker, executive director and lead auto analyst at Morgan Stanley.
Brian Bolain, corporate marketing manager, Lexus division, told the same Society of Automotive Analysts conference Sunday: "Luxury is about the brand, always has been, and will continue to be so."
But while the overall mood in Detroit is overwhelmingly more positive than in recent memory, it is not all good news.
The European market "continues to bomb," said Shanker, while emerging markets in Brazil and Russia "are struggling a bit."
And while the low price of gasoline is drawing buyers back to gas-guzzling performance vehicles, there is a downside to that too, said Shanker.
"It's good because there are more dollars in consumers' pockets," he said.
"But then it's bad because lots of the US economy depends on the gas and oil industry."
And then there is the sensitive issue of recalls -- a record 60 million vehicles in the US last year, with GM in particular in the spotlight over an ignition problem linked to dozens of deaths.
But amid all the gleam and muscle on display, no one was talking about recalls as the show poised to open.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

detroit auto show roars to life detroit auto show roars to life

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

detroit auto show roars to life detroit auto show roars to life

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday