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Thursday, January 17, 2013

Car Industry Roaring Back At Detroit Auto Show

photo
The 2014 Chevrolet Corvette Stingray is revealed Monday at media previews for the North American International Auto Show in Detroit. (Paul Sancya/AP)The Acura NSX Concept is shown at media previews for the North American International Auto Show in Detroit, on Tuesday. (Paul Sancya/AP)Franz von Holzhausen, Chief Designer, Tesla Motors, talks about the doors on the Tesla Model X on Tuesday at media previews for the North American International Auto Show in Detroit.  (Paul Sancya/AP)Ford President and CEO Alan Mulally stands by a Ford Focus during the North American International Auto Show in Detroit, on Tuesday. (Carlos Osorio/AP)Mark Adams, Executive Director of Cadillac Global Design, stands next to the Cadillac ELR after its unveiling during the North American International Auto Show in Detroit, on Tuesday. (Carlos Osorio/AP)Dr. Andy Palmer, Executive Vice President, Nissan Motor Co., introduces the Nissan Resonance at media previews for the North American International Auto Show in Detroit, on Tuesday. (Paul Sancya/AP)Maserati CEO Harald J. Wester introduces the 2014 Maserati Quattroporte at media previews for the North American International Auto Show in Detroit, on Monday. (Paul Sancya/AP)Toyota unveils its Corolla Furia Concept car on Monday, during the North American International Auto Show in Detroit. (Carlos Osorio/AP)

It’s a sign that the car industry is expecting a good year.

Major brands, including Nissan, Toyota, Lexus and Porsche, have spent tens of millions of dollars on new, multi-level display booths at the North American International Auto Show going on in Detroit this week.

Franz von Holzhausen, Chief Designer, Tesla Motors, talks about the doors on the Tesla Model X on Tuesday at media previews for the North American International Auto Show in Detroit.  (AP Photo/Paul Sancya)

Franz von Holzhausen, Chief Designer, Tesla Motors, talks about the doors on the Tesla Model X on Tuesday in Detroit. (AP Photo/Paul Sancya)

Japanese automakers have put the tsunami behind them, and Europeans manufacturers are boasting new fuel-efficient models.

But the hottest launch at the show is the new Chevy Corvette. And with Asian and European economies slowing, the focus is back on the U.S. market.

And while car makers are boasting new gains in battery technology, the excitement is about the improving performance and growing fuel efficiency of gas-powered engines.

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