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Million-Dollar Cars Amid Industry Gloom At Geneva Auto Show

The 83rd Geneva International Motor Show, considered one of the auto industry's most important events, has opened in the Swiss city. Industry leaders are warning that demand remains weak amid widespread austerity measures in European countries. But hundreds of thousands of visitors are expected to view the luxury models on display, including cars well over the $1 million mark. (12 PHOTOS)

The exhibition hall during the first day of the Geneva Motor Show
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The exhibition hall during the first day of the Geneva Motor Show

The new LaFerrari hybrid car can hit a top speed of 220 miles per hour, and costs $1.3 million.
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The new LaFerrari hybrid car can hit a top speed of 220 miles per hour, and costs $1.3 million.

Another "supercar"-- the $4 million Lamborghini Veneno. The Italian company will produce just three of these cars.
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Another "supercar"-- the $4 million Lamborghini Veneno. The Italian company will produce just three of these cars.

A more modest vehicle -- the Abarth 695 Black Diamond
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A more modest vehicle -- the Abarth 695 Black Diamond

A Qoros 3 sedan is displayed as a European premiere for this Chinese car maker.
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A Qoros 3 sedan is displayed as a European premiere for this Chinese car maker.

A model stands next to the Alfa Romeo 4C.
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A model stands next to the Alfa Romeo 4C.

The new Peugeot 2008
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The new Peugeot 2008

The Chevrolet Corvette Stingray
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The Chevrolet Corvette Stingray

The new Mercedes Benz A 45 AMG edition
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The new Mercedes Benz A 45 AMG edition

The new Rolls Royce Wraith
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The new Rolls Royce Wraith

The BWM 328i Gran Turismo
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The BWM 328i Gran Turismo

Staff prepare the Audi stand for the massive show.
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Staff prepare the Audi stand for the massive show.

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