Mazda to stop making luxury cars - paper

Newswire

TOKYO, May 27 (Reuters) - Mazda Motor Corp , Japan's fifth-largest automaker, is set to withdraw from the luxury car market, the Nihon Keizai Shimbun business daily said on Tuesday. Mazda, one-third owned by Ford Motor Co , will stop production of the Millenia by the end of this year and halt sales by the end of 2004, the paper said, citing company sources. Mazda officials were unavailable immediately for comment. The move is designed to concentrate the automaker's resources on small ...

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