It's been a while since we've heard an update on the car coming from the joint venture of Renault-Nissan and Indian manufacturer Bajaj, a competitor to the Tata Nano. Carlos Ghosn, Renault-Nissan's CEO, fills us in with a statement that the ULC (Ultra Low Car) project is alive and well. What news do we learn? First, the 2011 release date has been pushed back to 2012. Second, the car is going to cost $3,000 (compared to the Nano's base price of around $2,000) and will still be available in a vers
Tata Motors may have some serious competition on its hands if Toyota does indeed enter the low-cost automotive sweepstakes as is currently rumored. Renault's Dacia brand may be the most credible cheap car currently on the market, but this particular segment seems to be booming as emerging markets begin their slow and steady crawl towards... well, emerging. They are going to need wheels, so Toyota is said to be teaming up with Daihatsu, its subsidiary in Japan that specializes in small Kei cars f
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