While Ford's slow-selling Fusion sedan will fade into history, the name is expected to live on in a sport wagon being developed to challenge Subaru's popular Outback, people familiar with the automaker's plans told Bloomberg.
Newly appointed Subaru President Tomomi Nakamura has unveiled a five-year business plan that aims to boost U.S. market share, stoke an 18 percent increase in global sales, shore up flagging profitability and invest more in next-generation technologies.
Nissan said it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes.
It was a record June for Subaru with U.S. deliveries surging 15 percent, extending its streak of consecutive monthly sales increases to 79. In addition to the Ascent's debut, two of Subaru of America's strongest-selling crossovers had their best Junes ever.
Subaru named a new CEO, Tomomi Nakamura, after disclosing inspectors found the company altered fuel economy and emissions data on more vehicles built and sold in Japan. Yasuyuki Yoshinaga is stepping down as president and CEO, and will become chairman to focus on the misconduct.