Nissan Motor Co., with U.S. sales lagging the industry’s rebound this year, said it hired a former Chrysler Group LLC executive to run its namesake brand in the country after the departure of a long-time sales official.
Toyota Motor Corp.’s Camry ceded its rank as America’s best-selling mid-size car for the first time in 17 months, slipping behind Nissan Motor Co.’s Altima and losing share to Honda Motor Co. and Ford Motor Co. models.
Automakers led by General Motors Co. and Ford Motor Co. predict demand for cars and trucks, on pace for the best year since 2007, will remain resilient even as the U.S. was unable to avert government spending cuts that took effect yesterday.
Nissan Motor Co. , aiming to be the world’s largest seller of electric cars, expects to deliver as many as 12,000 battery-powered Leaf hatchbacks to U.S. customers this year as orders are confirmed and production quickens.
Toyota Motor Corp. posted its largest U.S. sales increase in five months and Hyundai Motor Co. led gains for Asia-based brands as September auto demand grew at the fastest rate since 2009’s “cash for clunkers” program.
General Motors Co., Toyota Motor Corp. and Ford Motor Co. said U.S. sales this month probably will rebound on deferred purchases and replacement demand after Hurricane Sandy disrupted auto purchases in October.