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Tuesday, January 15, 2008

New Tatas

You can't make this stuff up...

Tata Motors unveils world's cheapest car in India: The world's cheapest car was unveiled in India last week by Tata Motors, which hopes that its new $2,500 subcompact will help make car ownership a reality for tens of millions of people in the developing world. The Tata Nano, dubbed the "People's Car," gets respectable gas mileage, about 50 miles per gallon, but its introduction was met by protests from environmentalists fearful that more-accessible autos will clog India's substandard road system, dirty the air, and worsen climate change. Currently in India, two-wheeled transportation is common, while only seven in every 1,000 people own a car. Rajendra Pachauri, chair of the Nobel Prize-winning Intergovernmental Panel on Climate Change, said of the cheap new Nano, "I am having nightmares."

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