Report: Toyota working on $5,000 microcar for emerging markets
Tata's Nano famously promised to bring the opportunity of four-wheeled transport to the world's emerging markets - places such as India, Brazil and the African continent. Now Toyota is reported to be working on a similar car, though its initial price target is roughly double the Nano's originally intended price. The news of Toyota's entry into the super-budget market comes from the Japanese Asahi newspaper, reports Automotive News Europe. To be co-developed with Daihatsu and built in Bangalore, India, the car won't make it to market until 2015.
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