Ultra-low-cost car from Toyota Soon

Car is not cheap and most people in the world still do not own a car. There was a time when mobile phone was expensive and most people did not own a mobile phone set. Then the mobile phone makers and operators realized that the best way to increase business was to make this technology affordable for the mass people. Now, we are seeing a same trend in cars. Toyota has stated that it would come up with a low cost car by 2010. Yes, within 3 years you will find a cheap car from Toyota.

The Australian reported:

TOYOTA is working on an ultra-low-cost car to compete with makers in emerging markets such as Brazil, Russia, India and China.

Toyota president Katsuaki Watanabe said in an interview with the Financial Times the focus for the model was "low-cost technology".

"Everything from design to production methods will be radically changed and we are thinking of a really ultra-low-cost way of designing, using ultra-low-cost materials, even developing new materials if necessary," Mr Watanabe said.

At the other end of the market, Alfa Romeo has cut $7000 off its gorgeous Brera coupe this month after rivals undercut it on price, reducing the Italian brand's flagship by 10per cent after only a few months on sale.

So, good news for millions of people who cannot afford an expensive car at this moment. They just need to wait for another 3-4 years to own a car.