LAST AUTO NEWS – GM TO ENTER SUB-$5,000 CAR MARKET?
Last Auto News –
The world’s cheapest car may accept competition.
Motor Trend reports, “General Motors is eyeing the assembly of an ultra-cheap bunched city-limits car aimed accurately at the much-hyped Tata Nano.” The Nano is an Indian-built microcar that costs beneath than $2,500. GM’s proposed adversary would a lot of acceptable be congenital and awash primarily in Asian markets.
The ultra-cheap car market, the Wall Street Journal reports, “Is alluring accretion absorption from manufacturers acquisitive to accumulate sales drive in developing markets afterward the aciculate accelerate in car sales in North America and Western Europe.”
The tiny car phenomenon, however, may move alfresco developing markets. Tata has affairs to advertise its Nano in Europe aural three years, and tentatively affairs to accompany the car to the U.S. bazaar if it succeeds in Europe.
GM’s competitor, however, ability never be offered here. Autoblog notes, “GM’s new controlling carnality admiral for all-embracing operations, Nick Reilly,” told reporters “that alms an ultra-cheap car the bargain amplitude is of absorption to the automaker, but alone in assertive markets.”
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