Nissan Motor Co. led February U.S. sales gains for Asia-based carmakers, with its Altima passing Toyota Motor Corp.’s Camry so far this year amid severe winter weather that again was blamed for chilling demand.
The Ford brand is closing in on Toyota as the favorite of retail auto buyers, a sign of rising popularity of the Fusion mid-size car and Escape sport-utility vehicle, and of growing dismay with the Japanese manufacturer.
Asian stocks rose a second day after comments from Russian President Vladimir Putin signaled the Ukraine crisis won’t immediately escalate. China shares slid amid concern the country is facing its first onshore corporate bond default.
Elon Musk’s Tesla Motors Inc. has earned the ardor of investors and the highest U.S. safety ratings. It can also add the honor of having the best-reviewed car of the year by automobile testers at Consumer Reports.
Subaru, the auto unit of Fuji Heavy Industries Ltd., added the most U.S. market share of any foreign carmaker last year as the brand long known for quirky all-wheel- drive vehicles continued to win more mass-market fans.
As Chinese President Xi Jinping promises the nation’s biggest market opening in two decades, the reality for some of the most successful foreign companies in the country is a raft of probes and laws that curb their operations.