New Cheapest Car

Yahoo! Cars

World's cheapest car gets cut-price rival

Chinese manufacturer Geely has unveiled a city car set to be cheaper than the Tata Nano - which could make it the world's cheapest car.

Known as the Geely IG, it has four seats and could cost as little as £1,500 when it goes on sale in China in 2012. The Tata Nano, which has yet to hit the UK but is expected in 2011, costs around £2,500.

Despite the small price tag, the tiny IG is unusually flamboyant - it has top hinged 'gullwing' style doors, just like the Mercedes SLS supercar. >>>>

Tata Nano, the cheapest car in the world

Just launched today, March 23, 2009, same date as this blog is created, Tata Nano is facing huge demands and allegedly, new owners would have to wait for three years putting an order down.  With a current price of £1500, who would not want a smart car like this?

Source: http://motortorque.askaprice.com/news/auto-0903/half-a-million-orders-predicted-as-tata-nano-finally-launches.asp