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).
Tata Nano - Click above for a high res image gallery
Click above for a high-res image gallery of the Tata Nano
Click above for a high-res gallery of the Tata Nano Europa
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 t
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
Chery A-1: 5-door hatchback. China. $7,340
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
We told you last year about India's Tata Motors' plan to begin selling a four-door, rear-engined, VW Rabbit-sized vehicle for less than 100,000 Rupees, or about $2,400.