Nissan wrap: Sales, new debt and a nod from Cars.com

By Geert De Lombaerde Posted on September 2, 2009 at 7:28 am

Three tidbits from the world of Nissan:

• Cash for clunkers lifted August sales of the Versa, but the truck segment is still wheezing.
• The auto maker is preparing to bring to market more than $1 billion in debt backed by auto loans that will be covered by a Federal Reserve program aimed at making the credit-card, student-loan and auto-loan markets more liquid.
• Cars.com calls the Altima one of the most improved cars of the last decade: “Its accomplishment since 2002 is how it’s provided sportier looks and driving than the big dogs have, without sacrificing livability.”

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Tags: automotive industry, Cars.com, cash for clunkers, consumer spending, debt, debt offerings, manufacturing, Nissan Motor Co., TALF, Term Asset-Backed Securities Loan Facility