Under $3000: The Race To Build Really Cheap Cars

It was a real eye opener when I saw Under $3000: The Race To Build Really Cheap Cars from Renault-Nissan.

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.

This can revolutionize the transportation market and it'll be able to get better mileage per gallon of gas. It is pretty nice to see there is direction toward cheaper vehicle while most of industry is leaning toward luxury vehicles.

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