Jippun QQ fr MMC?

[Apollo]

No frills car for emerging mkts from Mitsubishi stablejava script:clippopup(2038768);

REUTERS[ SATURDAY, MAY 12, 2007 03:00:41 PM] TOKYO: Japan's Mitsubishi Motors Corp.plans to develop a low-priced car for emerging markets based on

the fuel-efficient Colt, the Nikkei business daily reported on Saturday, quoting the automaker's president. The restructuring car maker turned profitable for the first time in four years in the past business year ended March 31 and is now ready to take measures to boost sales in overseas markets, the newspaper said. Mitsubishi Motors officials could not be reached to confirm the comments by its president, Osamu Masuko. The new car will likely be priced around 1 million yen ($8,315), though Mitsubishi has not yet decided on when to launch the car, the Nikkei said. Other automakers are also taking steps to capture demand in emerging economies with lower-priced cars. French carmaker Renault said last month that it would sell its no-frills Logan model under the badge of partner Nissan Motor Co.. Mitsubishi's Masuko also said the automaker is preparing to build a new plant in Russia, according to the Nikkei.

http://economictimes.indiatimes.com/News/N...how/2038768.cms

[Powerkeong]

This is a good news for a lot of prospective car owners... I think people can own car v easily if this were to hit our shores soon. But i think the traffic jam in singapore especially the CTE will be worsen.

[Comfy]

4.5million people traffic jam like hell liao...6million..*faints*

[Mysupercar]

Ask the garmen to build more roads, flyovers loh, since we pay so much road tax.

[Hubwee]

It seems that now small car in good demand ... SO more new models coming out liao