General Motors to join ‘Nano’ trend with a USD 4000 car

August 17, 2009

(ChattahBox) — General Motors Co. is set to get into the ultra-low-cost car market with plans for a compact for around $4,000, possibly producing it in Asia and aimed at emerging markets.

Nick Reilly, the recently appointed executive vice president of GM international operations, said in Sao Paolo on Friday that: “When Tata Motors in India came out with their $2,500 Nano vehicle it put a lot of auto makers on the spot.” With Tata aiming to launch their Nano model in both US and European markets, every automaker has to prepare to compete in this new segment.

GM already has joint ventures throughout Asia and is close to choosing a partner to acquire a majority stake in its Opel/Vauxhall business.

More on this story at The Wall Street Journal


Comments

4 Responses to “General Motors to join ‘Nano’ trend with a USD 4000 car”

  1. magjaysc on August 17th, 2009 2:31 pm

    I just think this whole cash for clunkers has gotten out of hand…but I hope this new prop. will be different, lets hope!!!

  2. Holmes on August 19th, 2009 12:57 am

    Niiice, I can trade in my car for a $4500 stimulus program and get a new car and 500 dollars cash..

  3. busy do Holandii on May 19th, 2010 6:55 pm

    O widze masz podobne zainteresowania do moich, fajna stronka, zajrze tu jeszcze

  4. Usd car | Dishisboring on June 4th, 2011 9:57 pm

    […] General Motors to join ‘Nano’ trend with a USD 4000 car |is set to get into the ultra-low-cost car market with plans for a compact for around $4,000, possibly producing it in Asia and aimed at emerging markets. … Browse > Home / Business / General Motors to join ‘Nano’ trend with a USD 4000 car… […]

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