Toyota is close to building first low-cost car prototype

Ciferri, Luca
March 2007
Automotive News Europe;3/19/2007, Vol. 12 Issue 6, p4
Trade Publication
The article reports on the plan of Toyota to build a low-cost automobile. It will be marketed in western Europe, Brazil, Russia, India and China. Industry sources believe that the company will sell the automobile in China at the equivalent of €4,500. According to president Katsuaki Watanabe, the car will use the company's traditional technology and architecture.


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