John Mendel News
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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.
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A commercial showing the new Ford Fusion being driven off a cliff led David Bowhall to visit a dealer last month for a test drive. The owner of four Mercedes- Benzes in the last five years said it wasn’t much of a leap.
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Toyota Motor Corp., after reporting slower growth in February, is boosting its U.S. auto market outlook on improving consumer confidence, a better economy and demand for Camry sedans and Prius hybrids.
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Honda Motor Co., targeting record U.S. sales this year, is readying a redesigned Acura MDX sport- utility vehicle as it seeks to catch luxury competitors with enhanced performance, safety equipment and fuel-efficiency.
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Acura’s future was so dire four years ago that Honda Motor Co. began killing models and choking off product development. Now, Honda is putting $1 billion into its luxury brand, a perennial also-ran to Toyota Motor Corp.’s Lexus line.
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Honda Motor Co., targeting record U.S. sales this year, said the weaker yen isn’t giving the Japanese company an advantage after a group representing U.S. automakers called for government intervention.
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Honda Motor Co. expects its August deliveries to be up “40-plus percent” on U.S. demand for Civic small cars and CR-V crossovers, buoying a 27 percent annual rise to the company’s best sales in the region in five years.
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Honda Motor Co.’s 2013 Accord, the revamped version of the longest-selling U.S. midsize car, debuts this month as the company seeks to speed its sales recovery and recapture a reputation for benchmark vehicles.
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Honda Motor Co. said its U.S. sales are growing in October, defying analysts’ projections. That may drive industrywide deliveries to exceed the average outlook, already anticipated as the best in eight months.
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Honda Motor Co.’s U.S. rebound will continue through 2012’s final months, helping the carmaker boost deliveries about 25 percent this year even after Hurricane Sandy reduced October gains, said U.S. sales chief John Mendel.
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