Geely plans to put the IG concept into production by 2012, and at price that will likely run under $2,250, possibly as low as $1,500.
Just how low can a carmaker go and still have something that can be called an automobile?
Just days ago, TheDetroitBureau.com revealed plans by Nissan, Renault and India’s Baja Auto to produce a minimalist model for just $2,500 – about 10% less than the current low-price champ, the Tata Nano. Now comes word that China’s aggressive little Geely wants to drive the numbers even lower.
Geely – which recently purchased Swedish carmaker Volvo from Ford Motor Co. – is putting a tentative price tag of just $2,250 on a production version of its pint-sized IG concept car. (Though several sources have quoted figures as low as $1,500.) And Geely officials insist their planned offering will be more than just a stripped down econobox.
Set to go on sale sometime in 2012, the IG is expected to feature a modest 70-horsepower, 1.0-liter I-3, which will use a CVT transmission to drive the front wheels.