According to newly appointed vice president of international operations Nick Reilly, GM is considering a Tata Nano competitor for emerging markets. Reilly said that GM has plans to build a small car in Asia that would be sold for under $5,000.
“It’s definitely a segment that is interesting, and something that every manufacturer is looking at,” said spokesman Johan Willems. “In response to a question about the Tata Nano, Nick basically said the Nano was a vehicle that was developed at a very low cost point for the Asian market and we are also interested in those kinds of vehicles,” Willems told Automotive News.
The Tata Nano is considered the world’s cheapest car.
During the first six months of 2009, nearly two-thirds of GM’s sales come from outside of North America.
– By: Kap Shah