Will the Tata Nano, much hyped as the world's cheapest car, ever arrive? Production of the car, which has has been delayed by protests in the recent past, could be put off once again now that Tata Motors unexpectedly lost money in the third fiscal quarter (which ended in December). Sales of Tata's other vehicles were down and the company had to temporarily close some plants; there were also layoffs at Tata and at Jaguar Land Rover, which Tata bought from Ford last summer. The Nano was unveiled in January 2008, at which time the company told the world that the $2,000 cars would be available for sale by the end of 2008 (didn't happen). Tata Motors has now told Automotive News Europe (subs req'd) that it does not currently have a definite timetable for bringing the Nano to market. Better exhale on that breath you're holding.
[Source: Automotive News Europe (subs req'd)]