Volkswagen Considers Low Cost Brand For Developing Nations

Volkswagen may launch a new low-cost subbrand by 2015 to take on rivals including Renault's Dacia and Nissan's Datsun in markets including Europe, two company sources said on Friday.

Europe's biggest carmaker is aiming for a price range of between 5,000 and 10,000 euros ($6,500-$12,900) for the budget cars, which may include a minivan, wagon and small sedan, the sources said, confirming a report in German business daily Handelsblatt.

The vehicles would be aimed at fast-growing BRIC nations (Brazil, Russia, India, China), but may also be sold in Europe, the sources added.

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PQ40 - 10/12/2012 11:52:10 AM

+2 Boost

Isn’t that what Audi, and the A1 are for?