(autoinsidernews) вЂ" Toyota is planning to build an ultra-low-cost car, which will require a radical rethink in design and production, said company president Katsuaki Watanabe.
The focus is on low-cost technology, Watanabe said in an interview.
Without providing a specific price for the new ultra-low-cost car, Watanabe said the vehicle would at least cost less than Renault's emerging-market Logan, which starts around $6,200 and is sold in China and Russia, reports Trend.
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, Watanabe said.