Image: 2008 Cadillac CTS
Gm  /  General Motors via AP file
The Cadillac CTS won from a field of 18 significant vehicles such as the Honda Accord and new Dodge and Chrysler minivans.
updated 11/19/2007 6:56:38 PM ET 2007-11-19T23:56:38

Motor Trend Magazine has named the new Cadillac CTS its 2008 car of the year, saying it is proof that Detroit can build a world-class sedan.

The award, to be announced Tuesday, is significant because it shows the world that Detroit is back in the car business after years of focusing on sport utility vehicles and trucks, said magazine Editor-in-Chief Angus MacKenzie.

The car’s appearance, fit and finish, quality of materials and performance rival that of its German and Japanese competitors, MacKenzie said.

“There’s really not a lot of difference at all between BMW, Mercedes and Cadillac,” he said in an interview Monday.

The CTS, made by General Motors Corp., won from a field of 18 significant vehicles such as the Honda Accord and new Dodge and Chrysler minivans, Motor Trend said in a statement. To be eligible, vehicles must be new or totally redesigned and released in 12 months prior to Jan. 1, 2008.

Japan-based automakers had five cars in the field, with seven U.S. models, four from Germany and two from Sweden.

New models for 2008

Motor Trend said the CTS was chosen from among one of the toughest fields in the award’s history.

“The CTS obliterates the old man image of Cadillac,” MacKenzie said. “This car will turn heads in the same way the elite European models do, but it is unmistakably American.”

The CTS, with a base price of $32,990, is a bellwether for GM’s transformation to building world-class cars to be distributed worldwide, he said. The CTS was tested and developed in the U.S., Germany and China, he said.

Last year’s winner was the Toyota Camry. Last month, the magazine named the 2008 Mazda CX-9 as its sport utility vehicle of the year.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.43%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com