Detroit (dpa) - The North American International Auto Show in
Detroit kicks off the car industry's annual exhibition schedule.
Opening Monday to the press and dealers, the show welcomes the
public from January 19-27.
Last year, more than 770,000 visitors - an improvement of 36,000
from 2011 - came to the show in frigid Detroit, which in January is
anything but a top destination.
German carmakers, who face a mature market at home and a shrinking
economy in the surrounding eurozone, increasingly rely on the US and
other overseas market for growth.
In 2012, the US car market, in rapid recovery from the 2007-09
recession that brought Detroit's Big Three to their knees, absorbed
14.5 million new vehicles, growth of more than 13 per cent from a
year earlier.
German brands even outperformed in the US with growth last year of
21 per cent, up to a 9-per-cent combined US market share.
In Detroit's rear-view mirror, 2009, when General Motors and
Chrysler sought bankruptcy protection and received rapid,
government-aided reorganizations, now looks increasingly distant.
At the time, the atmosphere at the Detroit car show was almost
apocalyptic. Now, with more than 50 international and North American
model premiers this week at the Cobo Centre arena complex on the
Detroit River, the tone is much more celebratory.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women
News-To-Go
Advertisement
Advertisement
News Column
Detroit Car Show Celebrates US Automotive Recovery
Jan. 13, 2013
Advertisement
Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH
Story Tools



