Nissan has announced plans to invest JPY100bn to develop an emerging market vehicle, to be produced at a rate of around 600,000 units a year from 2009, reported Reuters.
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The car will be the company’s smallest vehicle, have a one-litre engine and retail for around US$10,000.
Nissan CEO Garlos Ghosn has said that the vehicle could be produced in cooperation with partners in Brazil, Russia, India and China.
Last year a Nissan product development chief said its plants in South Africa, Mexico and, eventually, China could be used to boost Renault Logan output.
