UPDATE 1-Mazda to stop making luxury cars-paper

Newswire

(Adds company comment, share price) TOKYO, May 27 (Reuters) - Mazda Motor Corp , Japan's fifth-largest automaker, is set to withdraw from the luxury car market, business daily Nihon Keizai Shimbun said on Tuesday. Mazda, one-third owned by Ford Motor Co , will stop production of the Millenia -- its only remaining luxury model -- by the end of this year and halt sales by the end of 2004, the paper said, citing company sources. A spokesman for Mazda said: "We are considering various ...

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