Automakers spending more on Detroit auto show

Gasgoo From Bloomberg

Automakers are spending more money on glitzy, state-of-the-art exhibits at the North American International Auto Show in Detroit. That's something organizers of the annual event believe is a good sign for the economically embattled city and region -- and the industry.

Auto show co-chair and General Motors Co. dealership owner Bill Perkins said Wednesday that many of the displays being erected this week at Cobo Center are larger than in past years.

Perkins says the market is starting to come back and it's a competitive environment. Porsche, which missed the last three shows, will be there this time.

The show begins next Monday and runs through Jan. 23. It opens to the public Jan. 15. Cobo has gotten a $3 million upgrade after organizers complained about the aging convention center.
 

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