Sunday, March 04, 2007

Bulgaria plans launch of its own low-cost car

The success of Renault’s Romania-produced Dacia Logan in Central and Eastern Europe sparked a new trend on low-cost cars for emerging markets. Bulgaria has announced its own project for such a car as students and teachers at the Sofia Technical University have developed a new concept named Univers.

The project is apparently focused on Daimler Chrysler, which may be interested in producing a cheap car in Bulgaria. Howerver, there is no clear data in this regard so far.

The idea behind the concept, deveoped over 2 years, is a compact model with enough space for four-five people, that would cost between 7,500-8,500 euro.

While Univers is still a static concept, the Bulgarian team plans to build a functional prototype by summer 2007 and then look for investors or even European funds to produce it.

Automarket, Feb 27, 2007


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