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How Low Can You Go? Try Geely’s $2,250 IG

Chinese maker’s two-door could become world’s lowest-price car.

by on May.07, 2010

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, 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.

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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.