General Motors' takeover of Korea's Daewoo Motor in 2002 has given the U.S. giant a source to develop small cars at lower costs like the Daewoo Matiz Mini — also called the Chevrolet Spark in some markets
How cheap is cheap? Renault-Nissan Chief Executive Carlos Ghosn is betting that for autos, the magic number is under $3,000. At a plant-opening ceremony in India Apr. 4, he was already talking up the industry's next challenge: a future model that would sport a sticker price as low as $2,500 — about 40 percent less than the least expensive subcompact currently on the market. Renault-Nissan is the first global automaker to take up the gauntlet thrown down in 2003 by India's Tata Motors, which plans to launch a $2,500 car next year. Both are leading a race to the bottom that could affect the business every bit as much as Henry Ford's Model T did a century ago. For more on this article go on this sight http://www.msnbc.msn.com/id/18097600
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