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Speedmania - Race 4 auto news

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According to a French business magazine, Renault will develop a 2,500 euro ($3,375) automobile which is to be sold on the emerging markets.

La Tribune stated in one of its Wednesday articles that Renault – Nissan will start early in 2012 the developing of some low-priced small car models. The automobiles are specially designed for emerging markets, as well as for the EU marketplace. This car will be almost three times cheaper than top selling Dacia Logan, a small family car manufactured at Dacia – Renault’s subsidiary in Romania.

The team will be led by Gerard Detourbet which managed the development of the “Entry range” cars from Renault, including Logan, Sandero and Duster. In 2010, 685,000 such vehicles were sold, counting for more than 25% of Renault’s global sales. The top five markets in 2010 were France, Brazil, Russia, Germany and Iran.

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