Leading automakers from Japan and Europe have unveiled their latest luxury models at the ongoing Los Angeles Auto Show, one of the key exhibitions in the U.S. market with the lucrative upper-end segment particularly treasured by foreign automakers.
Honda Motor Co. displayed an upgraded compact sedan, set for release next year, from its high-end Acura division soon after the show opened to the public Nov. 21. Daimler AG grabbed attention with the global premiere of the Maybach sedan, a flagship brand the German automaker is reviving after a roughly two-year hiatus.
The California show, scheduled to run through Sunday, is being held at a time when the U.S. auto market is experiencing strong growth on the back of an economic recovery and demand fueled by low auto financing costs, thanks to the government's ultra-easy monetary policy. Sluggish gas prices are also stimulating consumer appetite for cars.