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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Optimism at Detroit auto show as industry banks on recovery AFP - Tuesday, January 12 Send IM Story Print US Transportation Secretary Ray LaHood speaks to the media during the the first press preview day at the 2010 North American International Auto Show at Cobo Center in Detroit, Michigan. A new sense of optimism filled the Detroit auto show Monday as the industry looked forward to a recovery from one of its worst years on record. DETROIT, Michigan (AFP) - – A new sense of optimism filled the Detroit auto show Monday as the industry looked forward to a recovery from one of its worst years on record. Automakers are still reeling from a collapse in sales to levels not seen since 1983, bankrupting General Motors and Chrysler and dethroning the Detroit Three as the biggest sellers in the US market. China also surpassed the United States for the first time as the world's biggest vehicle market, the China Association of Automobile Manufacturers announced in Beijing Monday. But the overall mood is significantly more upbeat than a year earlier when the very existence of GM and Chrysler was in doubt as Congress sparred over providing billions in emergency loans. "Today is a new beginning for the automotive industry," Transportation Secretary Ray LaHood told reporters. "When people have an opportunity to see the kind of products that are now being manufactured and will be on display, they will realize the auto industry is manufacturing products people want to drive." Ford, GM and Toyota kicked off the show by highlighting their focus on fuel efficient vehicles. Ford -- which managed to both stay afloat and increase its piece of the shrunken US market in 2009 -- introduced a much-anticipated update to its compact Ford Focus sedan. "Companies have to pay attention to the three Es: economy, efficient and the environment," chairman Bill Ford said as he touted the automaker's new global vehicle platforms, which will radically reduce costs. Ford also got a boost early Monday when its 2010 Ford Fusion Hybrid sedan and Ford Transit Connect truck won the best car and truck of the year respectively by a vote of a panel automotive journalists. Toyota unveiled a test model of a compact dedicated hybrid vehicle which it hopes will help it expand upon the success of the Prius and achieve the goal of selling a million hybrids a year. GM opened its presentations by introducing a boxy, low-lying new compact sport utility vehicle, the GMC Granite, a 'concept' which would be aimed at young, urban drivers if it ends up being tapped for mass market production. The automaker also plans to introduce several new smaller cars set to be sold under its Chevrolet brand. Notably absent from the press conference schedule was Chrysler, which had little of significance to introduce after the turmoil of a painful divorce from Daimler, a brief takeover by private equity group Cerberus and a quick spin through bankruptcy last year which left the number three US automaker under the management of Italy's Fiat. But while the restructuring of GM and Chrysler under bankruptcy protection was extremely painful, it has left Detroit in a much stronger position, GM vice chairman Bob Lutz said Sunday. "I'm genuinely optimistic about the future," Lutz told the Society for Automotive Analysts' annual conference. "Detroit, the American auto industry and the Detroit auto show are going to experience in the next three to five years a prestige renaissance," Lutz said. "It is kind of 'the phoenix rises from the ashes' because this is the first time when we can deploy the full power of GM without the burden of all those horrible legacy cost and the crushing debt load that's all gone now. Now we're under a new ownership and a much, much healthier company." GM's new owner -- the US government, which holds a 60 percent stake -- will have a substantial presence at the show. In addition to LaHood, a congressional delegation led by House Speaker Nancy Pelosi will also be touring the show Monday. They will see a strong emphasis on small cars and fuel efficiency, with a 37,000 square foot display of 20 different electric vehicles which they can test on an indoor track. There will also be plenty of luxury vehicles on display despite the poor economy and a host of trucks and sport utility vehicles to tempt consumers who aren't as environmentally conscious. There is no doubt that 2010 will be a challenging year and the competition will be fierce. Most analysts are forecasting a moderate rebound in US auto sales to between 11 and 12.5 million vehicles this year after dropping 21 percent to 10.4 million vehicles in 2009. But that will still be drastically below the 15 to 17 million vehicle range posted in each of the previous 15 years and sales could be sharply hit should the economy take another bad turn. 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