Wednesday, January 23, 2008

Renault-Nissan to Proceed With Rival to Tata's Nano

bajaj small car ( a potential partner for Renault)

Jan. 23 (Bloomberg) -- Renault SA and Japanese affiliate Nissan Motor Co. will proceed with building an ultra low-cost car to rival the Nano unveiled by India's Tata Motors Ltd., Chief Executive Officer Carlos Ghosn said.

``We'll go ahead with it,'' said Ghosn, who heads the second-largest French carmaker and Tokyo-based Nissan, in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland.

Renault and Nissan are looking for sales growth in emerging markets to make up for stagnating demand in their home countries and the dollar's declines against the yen, which undermines the value of Nissan's North American earnings. The Nano, which Tata plans to price at about $2,500, may upstage Renault's no-frills Logan, which costs buyers about four times as much.

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