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Tata Nano was announced as the cheapest car in the world and drew a lot of attention at several auto shows where it has been presented. The little car is made in India and does not qualify for American standards in comfort and safety requirements, but it is still amazing that a vehicle nowadays can cost only $2,000. Even with add-ons for the world market Nano would wind up very inexpensive.
Now Tata is getting even more attention by announcing that there is going to be a hybrid version of the small car. The company president, Ratan Tata thinks there should not only be the vehicles that are cheap at the purchase, but also the ones that are cheap to drive.
The Indian automaker is working on Nano and its hybrid expecting big sales at home territory, because the country has a big demand on low-priced autos. After trying the hybrid in India Tata will go globally with it.
Ratan Tata has not mentioned any date or terms when the hybrid will be in production.
This Tuesday General Motors has announced that the new hybrid Chevrolet Volt is going to do 230 mpg in the city driving. The manufacturer said that “a draft EPA federal fuel economy methodology for labeling plug-in electric vehicles” was used in the development testing of the car.
BMW has officially announced that it is going to make new series of small, front and four-wheel drive vehicles on a new platform. These autos are going to share it with the next generation of Mini models. At this time the company is “exploring the possibility of developing a joint venture for the front- and four-wheel-drive systems of these cars”.
Since there have been a lot of talks and unpleasant issues after the major Toyota recall, National Highway Traffic Safety Administration has decided to set new auto safety rules which would not allow the same problem to happen again. At the congressional hearing two days ago, the new administrator, David Strickland, has announced them.
Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
BYD is the Chinese battery and EV specialist which has recently decided to form a joint venture with the German Daimler AG. Although the companies are going to work together on many projects, Chinese media has announced that BYD is not planning to share its core technology on lithium-ion batteries and EV systems with the partner.