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American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.

2011 Volkswagen Jettas to be sold for $5,995 each--really

Volkswagen is selling three 2011 Jettas through Gilt Groupe for $5,995--slashing the “1” from the usual $15,995 starting price. One car will be sold at noon Eastern time for three days starting on Dec. 15 in the flash sale.

New pictures: Audi A2 concept

Audi is set to give its A2 concept a public debut alongside its Urban concept at this year's Frankfurt motor show in the manufacturer's latest exploration of electric mobility. The A2 concept study revolves around the concept of space, with the vehicle having been developed with plenty of room for four people even with the car being 3800mm long, 1690mm wide and 1490mm high. The car is very much designed to impress aesthetically as well as improving the company's green credentials.