GM Working on $4,000 Car
"When Tata Motors in India came out with their $2,500 Nano vehicle, it put a lot of auto makers on the spot," said according to gasgoo.com Nick Reilly, GM's newly installed executive vice president, international operations, who also hinted that the American manufacturer plans to expand its product range in the region.
"We are not going to make cars that cheap because that is really a specific car for a very specific market that has different emissions standards and specifications than markets like the U.S. and Brazil," said Reilly. "So we are looking at lower cost vehicles, but do not know yet where it will be made or where will it be sold, though most likely in Asia."
Details are still scarce as we're only talking about a future project but it appears that General Motors might try to design, build and sell the car on its own and not by forming alliances with other carmakers in Asia.
"We are getting used to partnerships and the industry as a whole will see more partnerships forming in 2009," Reilly said. "Fiat wanted a part of Chevrolet in Latin America, but we were never interested," said Reilly. "Luckily, that was not the only deal on the table; otherwise we would have had no choice but to seriously consider it."