Russia's Avtovaz plans new ultra-cheap car: Renault
Sunday 29 August 2010
Russian auto maker Avtovaz will launch a new ultra-cheap model of its Lada car next year, selling for 5,600 euros (7,100 dollars), its French partner company Renault said on Friday.
Avtovaz is reworking its best-known product line and plans the new model by the end of 2011, a spokeswoman for Renault, which holds a 25-percent stake in the Russian company, told AFP.
French newspaper Liberation reported that the new car would be called the Lada Granta and be similar to Renault's Twingo, a popular compact model.
To make it, Aftovaz is building a new production line which Renault has shown an interest in buying if the Granta is a success, raising the prospect of the car being sold outside Russia, Liberation reported.
Renault said the model is primarily destined for the Russian market but the firm "could consider negotiating" to sell it elsewhere.
The price tag is estimated at 220,000 roubles, or about 5,600 euros, which would make it one of the cheapest cars in Europe. The Nano made by Tata of India is considered the world's cheapest car at around 2,500 dollars.
Another cheap model, the Logan made by Renault's Romanian subsidiary Dacia, was initially aimed at emerging markets but now sells well in western Europe, annoying some politicians who see it as hitting French Renault jobs.
Life & Style blogs
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
- 1 The difference between a migrant and refugee, in one sentence
- 2 Miley Cyrus calls out hypocrisy of women’s nipples being taboo
- 3 Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
- 4 iPhone 5c to be discontinued, no iPhone 6c to replace it
- 5 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
£18000 - £30000 per annum: Recruitment Genius: A Sales Executive or Senior Sal...
£40000 - £55000 per annum: Recruitment Genius: This is an exciting opportunity...
£22000 per annum: Recruitment Genius: This industry leading company produces h...
£20000 - £40000 per annum: Recruitment Genius: This IT provider for the educat...