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Mazda reportedly to pull out of Michigan joint venture with Ford

Mazda is reportedly pulling out of a joint manufacturing venture with Ford Motor Co. that was thought to be unprofitable for the Japanese carmaker. The site, AutoAlliance International, is about 25 miles south of Detroit and makes the Mazda 6 and the Ford Mustang.

After a miss with the Sebring, Chrysler resets its upscale mission

With the 2011 200 sedan, due in December, the Chrysler brand is taking another shot at the vast mid-sized sedan market, a target it missed badly with the Sebring. The 200, derived from the Sebring, resets the brand mission: refined design, luxury touches inside, a quiet ride and responsive handling--at affordable prices. The approach will be shared by the reworked Chrysler Town & Country minivan, also due in December, and the reworked 2012 Chrysler 300 sedan, which arrives in March.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.