Cheap Cars are a Hoax
According to “The race to build really cheap cars,” France’s Renault-Nissan and India’s Tata are leading a race to produce “basic cars that combine modern comfort with safety at a fraction of today’s cost.” The target is a sticker price as low as $2,500, and “there’s no lack of potential customers: Hundreds of millions of Chinese, Indians, Brazilians, Russians, and others…”
Of course, what media reports always fail to mention is the true cost of automobiles, which includes such incidentals as maintenance, insurance, fuel, road construction and repair, environmental degradation, etc.
© Fowler Media
