Mexican Media Brands
GM Ponders a Nano Competitor for India
General Motors Co. may use the expertise of Shanghai Automotive Industry Corp. to develop an ultra-low-cost car to compete with Tata Motors Ltd.'s Nano sedan.
#economics
Share
General Motors Co. tells India's Economic Times it might use the expertise of Shanghai Automotive Industry Corp. to develop an ultra-low-cost car to compete with Tata Motors Ltd.'s Nano sedan.
"I wouldn't rule out anything," says Timothy Lee, president of GM International Operations, who tells the newspaper, "When you harvest from your partnerships the collective wisdom of other cultures, it's incredible what you can do."
Lee offered no specifics about GM's potential interest. But the newspaper notes he appears to signal a sharp change in attitude at the company, whose executives said earlier they didn't think GM could compete with the Nano's €1,900 base price. The company previously said it might turn to its Chinese partner Liuzhou Wuling Automobile Co., with whom GM makes inexpensive minivehicles, to develop a low-cost car for India and other developing markets.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.