04-25-2007, 10:10 AM
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#1 (permalink)
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Registered User
Join Date: Jul 2005
Location: Huntsville, Alabama
Posts: 797
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Nissan will begin selling a $3,000 car...
Quote:
Renault-Nissan is planning on building a car for under $3000. The price could be as low as $2500, which is 40% less than the least expensive sub-compact car available today. The Chief Executive of the company, Carlos Ghosn, made this announcement at a plant-opening on April 4. An Indian carmaker, Tata Motors, plans to launch a $2500 car next year. This race for the really ceap car could have a major impact on the industry as a whole.
espite being priced under $3000, these car will be designed to be comfortable and safe. They will also be engineered for the ground up ? stripped-down version of outdated designs won't cut it. Tata's model is a four door vehicles with a 33-horsepower engine, and a top speed of around 80 miles per hour. The automaker claims it will even pass a crash test. Whatever the lowest sticker price turns out to be, the discounting trend will hit cars across the board, from minis to SUVs.
pinch. By 2012, the market for vehicles priced under $10,000 is likely to reach 18 million cars, or a fifth of world auto sales, according to Roland Berger Strategy Consultants. That's up from 12 million today.
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