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Mazda opens new plant in Salamanca, Mexico

Mazda Motor Corp. chairman Takashi Yamanouchi opened the company's new small-car assembly plant in Mexico today, calling it the company's "most important global strategic base." The factory, which will produce up to 230,000 vehicles each year, is a cornerstone of the structural reform plan "upon which the very future of company hinges," Yamanouchi said in remarks prepared for the opening ceremony. "Mazda's Structural Reform Plan, upon which the very future of the company hinges, positions this plant as our most important global strategic base," Yamanouchi said of the factory, which is about three hours northwest of Mexico City in Guanajuato State.

Iconic Saab 900 convertible turns 25

In happier Saab news, the iconic Saab 900 convertible is a quarter of a century old this year, having made its U.S. debut in 1986. The 900 convertible played a key role in expanding the drop-top segment from a tiny niche in the market 25 years ago to its current .

Toyo recalls more than 66,000 tires for defect

Toyo Tire said on Wednesday that it is recalling more than 66,000 tires because of a possible defect that could lead to tire failure. The company will recall the P225/60R-16 Extensa A/S tires that were distributed in the United States from Sept. 20, 2009, to Nov.