Elio Motors, the company that wants to sell you an inexpensive, fuel-efficient three-wheeled commuter car, has taken a big step towards that dream. It now looks like it will have a factory roof under which to assemble its 84-mile-per-gallon, $6,800 offering, thanks to the Caddo Parish Industrial Development Board (IDB).
Less than a month after Nissan announced its $9,990 blue-light-special Versa Sedan 1.6, Hyundai has one-upped them. Or should that be one-downed? The 2009 Hyundai Accent has regained the title of Cheapest New Car in America with a starting price that undercuts the Nissan by a Jackson. Priced at $9,970, it is now the least expensive new car on the market. And Hyundai didn't reduce content to get the price down. It's essentially the same Accent you could have bought last month, just with a lower M
General Motors can claim about three percent of the car market in India, and it wants more. Tata's $2,500 Nano will still be the lowest priced new car in the world, but GM wants to offer something less expensive than its $7,350 Spark for Indian buyers. Group Vice President David Reilly points out that while a sub-Spark would be inexpensive, competing directly with the Nano is not something GM intends to do. If a bargain basement GM were developed, it could be leveraged in other markets besides I
After the introduction of the Tata Nano, lots of people began wondering what is going to happen when a lot of people in developing countries have enough money to afford a cheap car. While Tata tried to alleviate concerns of the Nano-boom by saying that the Nano is cleaner than most motorbikes that are running on Indian roads right now, the truth is that low-cost motoring helps developing the car industry - and pollution. If you need examples, take a look at stories like of the Fiat 500 (the old