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Fobz - June 2008

Another little low cost one. Competition?

June 4th 2008 23:21

Renault has revealed that it was considering developing a new ultra-low cost car that would undercut its current Logan sedan (pictured) in price and be sold in emerging markets. The announcement follows the release of an article by French newspaper Le Figaro, which reported that Renault was developing a $3,000 car for the Indian market due within three years.

The newspaper also published details about plans for the opening of a third “technocenter” in India that would hire 1,000 local engineers to develop the new car. Renault has previously confirmed that it is building a second plant in India that will be fully operational by 2009.

“We are indeed thinking about a car priced more competitively than the Logan for emerging markets,” a Renault spokeswoman told reporters from Reuters. If built, this new model would join the locally-assembled Logan model that has been on sale in India since May.

A final decision is expected soon.

Extracted from Motor authority

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Comments

4 Comments. [ Add A Comment ]

Comment by Louie

June 5th 2008 00:57

Climate Forum
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wow fobzy, that is what I call dumbing down a brand

not much room to move for a price war, the Rolls is def a better option.

Comment by Market Newbie

June 5th 2008 04:06

Stock Market Punk

Come to think of it, there's reason why I hop in front of a steering wheel and that is to travel the countryside. On to those long strips of unpaved roads that disappear at the foot of one mountain and come out the other side. Places where vehicles don't necessarily abound...

In the cities I can commute, or push the pedals of my favorite mountain bike. But in the terrains of those places I mentioned, I need an engine that can pull out of the holds of a single sticky gum.

Comment by Fobzy

June 6th 2008 00:30

Fobz

You are so right Louie, quite the little business woman. You'd impress Mother, pity we are both taken.

Comment by Fobzy

June 6th 2008 00:33

Fobz

Newbie, that's a colourful little documentary you've given us there, you obviously have hidden talents, but stick to the markets, they PAY.

But you kept me entertained, my own form of freebie benefit for being so foolish as to get mixed up with blogging.

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