In this paper we propose a novel fault tolerant multisensor switching strategy for feedback control. Each sensor of the proposed multisensor scheme has an associated state estimator which, together with a state feedback gain, is able to individually stabilise the closed loop system. At each instant of time, the switching strategy selects the sensor-estimator pair that provides the best closed loop performance, as measured by a control-performance criterion. We establish closed-loop stability of the resulting switching scheme under normal (fault-free) operating conditions. More importantly, we show that closed-loop stability is preserved in the presence of faulty sensors if a set of conditions on the system parameters (such as bounds on the sensor noises, maximum and minimum values of the reference signal, etc.) is satisfied. This result enhances and broadens the applicability of the proposed multisensor scheme since it provides guaranteed properties such as fault tolerance and robust closed-loop stability under sensor fault. The results are applied to the problem of automotive longitudinal control.