Arab Today, arab today triumphant detroit set to shine at auto show
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Triumphant Detroit set to shine at auto show

Arab Today, arab today

Arab Today, arab today Triumphant Detroit set to shine at auto show

Chicago - AFP

The Detroit Three carmakers return triumphantly to their hometown auto show Monday flush with profits from popular vehicles and the rewards of successful -- though painful -- restructuring. But the competition is not standing still, and with the United States one of the few bright spots in the automotive market, the fight for customers will be fierce. \"I don\'t think there\'s an automotive company in the world that doesn\'t view the US as the most important market to them,\" Joe Vitale, an automotive analyst with Deloitte, told AFP. \"Whoever wins in the US market is well positioned to win globally.\" US sales are expected to rise to between 15 and 16 million vehicles this year after jumping 13 percent to 14.5 million vehicles in 2012, the biggest yearly gain since 1984. With growth slowing in China and Brazil, and Europe in dire straits, the US market is even more important than usual. Germany\'s Volkswagen, which cannot achieve its goal of becoming the world\'s biggest automaker without dramatically increasing its sales here, has already begun to profit from an aggressive plan to expand its US offerings. VW\'s US sales jumped 35 percent last year to nearly 440,000 vehicles after its new Tennessee plant became fully operational, boosting its share of the market by half a point to three percent. German carmakers Mercedes, Daimler and Audi are also looking to the US to offset weakness in Europe and to maintain their solid advantage in the luxury market over less prestigious US and Asian brands. General Motors, which remains firmly in the top spot at home with a 17.9 percent share, lost market share after eliminating brands to streamline operations. Yet the firm is also expanding and reaping profits huge enough to buy out what was left of the US government\'s stake obtained after financing GM\'s 2009 bankruptcy. Japanese giant Toyota commanded 14.4 percent of the US market last year as sales rose 27 percent. It is forecasting an even better performance in 2013 now that it has recovered from the devastating 2011 tsunami and a series of mass recalls in 2009 and 2010. But Ford does not look ready to give up the number two spot in its home market, even though its market share slipped by over a point last year to 15.5 percent. After years of retrenchment and painful restructuring, Ford is expanding again and on Friday announced plans to add 2,200 salaried positions -- mostly in engineering, production and IT -- in the United States. It has also said it will double its dividends in 2013. Chrysler has clocked a remarkable 33 consecutive months of sales gains in the United States since emerging from bankruptcy under the stewardship of Italy\'s Fiat in 2009, which is now relying on Chrysler\'s huge profits to offset losses in Europe. That has allowed it to maintain its lead over Honda for the number four spot in the market, with 11.1 percent to 9.8 percent respectively, even as the Japanese rival posted stronger gains last year. The renewed financial health of the Detroit Three after years of bleeding balance sheets comes after mass layoffs and plant closures. \"The difference is that now automakers and auto suppliers are making money at volumes where they weren\'t making money before,\" said Dave Sergeant, an analyst at JD Power. \"They\'ve taken a lot of cost out and the industry\'s in a much healthier state than it has been for a number of years.\" GM and Ford have also shown important restraint by cutting production rather than trying to hang onto market share by offering damagingly deep discounts, noted Standard and Poor\'s equity analyst Efraim Levy. Now that their books are in order, it\'s time for the Detroit Three to show their investments in new products hit the mark, Levy said. \"That\'s the test we\'re going to see now,\" he said in an interview. \"The competition is not waiting.\"

arabstoday
arabstoday

GMT 21:21 2017 Thursday ,19 October

Shaikh Nasser praises BIDEC 2017 royal patronage

GMT 20:39 2017 Thursday ,19 October

Tesla fired hundreds of employees in past week

GMT 13:46 2017 Thursday ,19 October

Samsung's revamped Bixby takes on Amazon Alexa

GMT 21:35 2017 Wednesday ,18 October

King congratulated by Premier on BIDEC success

GMT 21:27 2017 Wednesday ,18 October

Shaikh Nasser praises Derasat efforts

GMT 11:54 2017 Wednesday ,18 October

Airbnb rentals boom across Africa

GMT 18:06 2017 Tuesday ,17 October

Three companies offering to search for MH370

GMT 19:24 2017 Sunday ,15 October

Royal Jordanian eyes operating profit this year
Arab Today, arab today
Arab Today, arab today

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*

Arab Today, arab today triumphant detroit set to shine at auto show Arab Today, arab today triumphant detroit set to shine at auto show

 



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*

Arab Today, arab today triumphant detroit set to shine at auto show Arab Today, arab today triumphant detroit set to shine at auto show

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday