The motor industry has been gearing up for the Washington Auto Show, one of the biggest car events in North America.
When the public walk through the doors later they will see an industry that is back at full throttle, with analysts predicting new vehicle registrations in the US will be six and a half per cent higher this year than last.
Megan Gillam from the Lincoln Motor Company told euronews: “Particularly in the luxury industry, we are seeing a lot of growth and we can expect that the luxury market will grow even more quickly in 2013 than the total vehicle market as a whole.”
There is an emphasis on smaller cars and new technology aimed at making President Obama’s goal of increasing fuel economy.
Even so, it is the gas-guzzling SUVs that still dominate – Chrysler-Fiat which owns the Jeep badge, sold nearly half a million of them last year.
Our Washington correspondent Stefan Grobe reported from the show: “There is a lot of optimism, especially among European carmakers. Some executives told us they were well-prepared for the reawakening of the SUV market. Believing they have superior technology, they are confident they can increase their US market-share.”
Copyright © 2014 euronewsMore about:
- 1Claims Michael Schumacher is breathing independently played down by his management
- 2Ukraine as it happened: Crimean referendum widens US-Russia split
- 3Turkey’s Erdogan threatens Facebook & YouTube over ‘immorality and espionage’
- 4Syria’s Assad expresses support for Putin on Ukraine
- 5Russia: Pussy Riot suffer burns and head injuries after being attacked at McDonalds
- 1Ukraine as it happened: Crimean referendum widens US-Russia split
- 2Syria’s Assad expresses support for Putin on Ukraine
- 3Ukraine as it happened: EU and US announce sanctions to Russia as talks linger on
- 4Russia: Pussy Riot suffer burns and head injuries after being attacked at McDonalds
- 5Claims Michael Schumacher is breathing independently played down by his management
- 1Oscars 2014: ’12 Years a Slave’ makes history with best picture Oscar
- 2Ukraine as it happened: Moscow start talks with Kyiv under US and EU threats of sanctions
- 3Read Jared Leto’s touching, thoughtful acceptance speech
- 4Ukraine: Violent clashes in Kharkiv leave dozens injured
- 5Ukraine as it happened: UN envoy chased in Crimea, Russia-US talks in Paris
Wires > News
- 10:15 CET Malaysia Airlines plane missing, presumed crashed in South China…
- 06:59 CET China says no room for compromise with Japan on history, territory
- 06:18 CET China draws ‘red line’ on North Korea, says won’t allow war on…
- 01:08 CET Malaysia’s Anwar convicted of sodomy, political future in doubt
- 00:38 CET Ted Turner rushed to clinic in Argentina with appendicitis – media
- 22:32 CET Three killed in Cairo clashes, 48 wounded across Egypt
- 21:50 CET U.S. special forces sent to train Iraqi special forces in Jordan
- 21:34 CET Latin American foreign ministers to discuss Venezuela unrest