With over 500 cars and trucks on display at the 2012 North American International Auto Show, 40 new models are expected to be unveiled, from concept cars to vehicles that will hit the market this year.
Ford, Hyundai and Nissan unveiled new models at the 2012 Detroit Auto Show, where fuel efficiency and electric cars were among the key highlights. Plus, Fiat & Chrysler's CEO on an upbeat and competitive auto sector.
Toyota USA President Jim Lentz shares his forecasts for retail gasoline prices and the automaker with CNBC's Phil LeBeau at the 2012 Detroit Auto Show.
Is the U.S. auto industry back in the driver's seat? Many executives of the biggest car makers seem to think so. Here is a roundup of the comments some of them made to CNBC Monday from the Detroit Auto Show.
Discussing whether Toyota can regain sales momentum in 2012 following a tumultuous year in 2011 when the tsnuami in Japan offset production, with Jim Lentz, Toyota U.S.A. president, and CNBC's Phil LeBeau.
There hasn't been this type of energy at the Detroit Auto Show in years. To quote Chrysler CEO Sergio Marchionne, "It's a different world. It's like a throwback to the 90's. This is the kind of atmosphere we used to have at the Detroit Auto Show when things were going well."
Insight on the automaker's peak sales mark and plans to open a plant in Brazil this year, with John Krafcik, Hyundai Motor America CEO, and CNBC's Phil LeBeau.
BMW, Mercedes Benz and Porsche unveil new versions of key models at the auto show. CNBC's Phil LeBeau talked strategy with some of the top auto executives.
Ford's new model, Fusion Key will increase the company's market share, Ford Motor CEO Alana Mulally tells CNBC's Phil LeBeau.
Dieter Zetsche, head of Mercedes-Benz Cars, discusses whether Mercedes will boost U.S. production. He also assesses how Europe is managing its debt crisis.
"We are all pushing," says Sergio Marchionne, Fiat & Chrysler CEO, "it's a great environment to be in." Marchionne says the auto industry is extremely competitive right now and automakers understand they need to "make a buck to make a next car or else the next car ain't coming."
Nissan had a rough 2011 with the earthquake and tsunami in Japan, as well as flooding in Thailand -- all had a severe impact on production. Carlos Ghosn, Nissan Motor CEO, discusses sales in 2011 and his outlook for 2012.
Porsche sales were up over 14% above the industry average in 2011, with Detlev Von Platen, Porsche Cars N.A. CEO, and CNBC's Phil LeBeau.
Mike Jackson, AutoNation chairman & CEO, weighs in on 2011 new vehicle sales, which were up 11% from the previous year. "The usual replacement rate is about 15% per year; this year it will move over 20%," he says.
Ludwig Willisch, BMW North America CEO, discusses the new look of the BMW 3 Series, with CNBC's Phil LeBeau.
Rolls-Royce CEO, Torsten Muller-Otvos, joined CNBC to discuss the luxury car manufacturer's record sales in 2011. "There is no typical Rolls-Royce buyer. We have seen buyers out of the celebrity area, the sports area and the film area, but also a lot of self-employed people, entrepreneurs," he said.
Car and truck sales are jumping, as new models catch on, and market share is inching up.
Manufacturers are introducing and developing new fuel-stretching components across all new vehicle lines, including gas-guzzling light trucks and SUVs.
While electric vehicles will continue to garner more hype at the North American International Auto Show this year, today’s battery technology will keep the so-called EVs a niche product for years to come.
After three long and tumultuous years, there's a far different feeling about the Detroit Auto Show. For 2012, you could say, the buzz has returned. For automakers and auto fans, it's long overdue.