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:
- 1Divers grapple with inhuman conditions as Sewol ferry salvage continues
- 2Ukrainian army storms illegal checkpoints killing at least five
- 3MH370: bad weather halts search as ‘unidentified material’ found on Australian coast
- 4Turkish prime minister talks of ‘shared pain’ in statement on Armenian killings
- 5War of words grows more heated as Russia accuses the US of ‘running the show’ in Ukraine
- 1TV newscaster keeps calm as quake hits Mexico
- 2Divers grapple with inhuman conditions as Sewol ferry salvage continues
- 3South Korea: Dramatic amateur footage emerges of final moments before stricken ferry capsizes
- 4Scientists find new Earth-sized planet that could host life
- 5European Commission presidency candidates to go head-to-head in first debate
Wires > News
- 08:20 CET In Cairo, one family’s story shows rise of radical threat
- 06:33 CET China Communist Party mouthpiece demands “rectification” of…
- 06:12 CET Obama wraps up Japan visit after security pledge but no trade deal
- 05:46 CET Obama warns North Korea on nuclear test – South Korean media
- 05:41 CET Exclusive – Obama may call EU leaders in Russia sanctions push…
- 04:35 CET Witnesses in U.S. Army hearing call 2007 Iraq shootings unjustified
- 03:07 CET California school bus crash injures driver, 11 children
- 01:12 CET Japan says no trade deal with U.S. as Obama prepares to depart