Renault begins work on Nano rival, Project "2500 Euro Car"

According to an article set to appear in Wednesday's La Tribune, a team at Renault-Nissan will on January 1 start developing several low-price car models for emerging markets, though the vehicles could ultimately find their way into the European marketplace.

The cheapest will cost only a third as much as the Dacia Logan, a small family car manufactured by Renault and its Romanian subsidiary Dacia.

The project will be overseen by Gerard Detourbet, head of Renault's entry-level car division, La Tribune reported, citing internal sources.

Renault confirmed to AFP that Detourbet would join a Renault-Nissan small-car team at the start of 2012.But the car maker did not comment on whether a 2500-euro car would be the team's focus.

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