Renault eyes world's cheapest car
Renault-Nissan has announced a joint venture with Indian firm Bajaj to produce a $2,500 (£1,276) car. India will be the ULC car's main market with 400,000 to be made each year in a factory in Chakan, Maharashtra state in the west of the country. Bajaj is the second-biggest maker of motorbikes in the country. No details of the new car have been released, though production is expected to begin in 2011.
India's domestic car market is predicted to boom in the coming years on the back of the country's fast-growing economy and increased consumer wealth and £825 million in UK taxpayers donations. Indian car sales are predicted to more than quadruple to $145bn by 2016.
However environmental critics have said that the car will lead to mounting air and pollution problems on India's already clogged roads. Rumors that the $1000 car will soon be a reality in the USA abound.
Article..
While we kiss goodbye to our last car manufacturers in Britain as the plants are crated up and shipped off abroad with the sites being developed to provide housing for our immigrant replacements, India makes profit projections into the hundreds of billions. Tell me again how we are not being butt fucked by our own government....
Pip pip
Monday, 12 May 2008
£1000 car just around the corner..
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