According to an Antara News article sourced by Motor Authority, Hyundai isn't just branching out into the wonderful world of rear-wheel drive. It's going to make a big play on the opposite end of the automotive spectrum, by creating a budget-minded car for the masses.

The article quotes Hyundai's vice chairman, Kim Dong-jin as saying that, "Development is under way to produce an ultra-cheap car." The aim is to match models with Renault, whose upcoming Logan is expected to be priced far below the $10,000 mark.

A budget car for expanding markets seems like a no-brainer, especially if developments and production costs are kept in check. Whether or not we'll see such a beast on this side of the ocean is another issue entirely.

[Source: Motor Authority]

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